Uncertain future for Boober

The market place of Boober, a site where private money seekers and private lenders are brought together, remains anxiously empty. The shareholders are considering how they should proceed with Boober. Director Ilse Smulders admits that 'peer-to-peer lending is not a resounding success': "That is worldwide

The market place of Boober, a site where private money seekers and private lenders are brought together, remains anxiously empty. The shareholders are considering how they should proceed with Boober.

Director Ilse Smulders admits that 'peer-to-peer lending is not a resounding success': "That is worldwide." Meanwhile, the director awaits the shareholders' conclusion. "Soon there will be more known, I can not say much about that now." Founder of computer maker Tulip, Franz Hetzenauer, has an interest in the lending site.

Since September, online loan market place Boober has seen the visitor figures on the site weaken. "With the economic downturn, the lenders keep their hands on their faces, they no longer bring their money to such a lending site, and Peer-to-peer lending is under pressure, Boober says, " says Smulders.

There are no outstanding loans on the site where individuals can invest money. According to director Ilse Smulders, all requests for a loan were rejected when checking the creditworthiness of the customer.

The credit rating varies from AAA to D, with AAA indicating the lowest risk profile. With a rating lower than D no loan can be requested from Boober. "All applicants scored lower than D and did not receive the green light, because the reason Boober is trying to do this now is because they can no longer go to banks and look for somewhere else." The situation does not lend itself to lending ", according to the director of the loan site.

Borrowers with a low risk profile also stay away from the site. Smulders: "The group is hard to find, it does not work over the internet, we are now in discussion with the shareholders to see if we can make a budget for traditional media, and we want to reach the critical borrower."

Boober is the first Dutch online marketplace where individuals can borrow and lend money without the intervention of a bank. The controversial system worked for a long time without a license from DNB and the Financial Markets Authority (AFM). That permit was granted last October.