Zopa is a UK-based peer-to-peer lending company launched in 2005 that allows individuals to directly lend and borrow money from each other without going through a traditional bank. It operates an online marketplace to connect lenders and borrowers, charging a 0.5% transaction fee to borrowers and a 0.5% annual servicing fee to lenders. Loans made through Zopa are legally binding agreements directly between the individuals, so funds are protected even if Zopa fails.

2. www.ZOPA.com ? It is a UK – based company providing an on line money exchange. . . . Promoter: Zopa limited. Registered office: 3 rd Floor, Radiant House, 36-38 Mortimer Street, London W1W 7RG.

3. MEANING ? Allowing people who have money to lend to offer it to those who wish to borrow, instead of using savings accounts and loan applications at traditional banks.

4. BACKGROUND Launched in 2005, Zopa was the 1 st P2P (peer to peer) lending company. It was set up by a management team that comprised many of those that founded Egg in the UK. The company is based in London and backed by Benchmark Capital and Wellington Partners.

5. TERMS and CONDITIONS Zopa (Zona of Possible Agreement) is a negotiating term identifying the bounds within which agreement can be reached between two parties; as follows : Zopa acts as the man in the middle operating the markets. Only registered Zopa members are eligible to ‘Introduce a Friend’. Existing Zopa members who introduce a friend to Zopa will receive £ 50 (when that friend either lends at least £ 2000, or borrows any amount of money, during the Offer Period). The introduced friend will only receive £ 50 once, after introducing new members to Zopa who have lent at least £ 2000 or borrowed any amount of money at Zopa during the Offer Period.

6. Continue . . . . . . . If the same person is introduced by more than one Zopa member, the reward will be based on the recommendation which first results in registration. In each eligible case, the £ 50 will be credited to the members’ Zopa holding accounts within 28 days after the conditions have been met. You can not introduce yourself or an existing Zopa member

7. SECURITY Unlike banks who usually have wide margins between lending and borrowing rates, Zopa make their money by changing borrowers a 0,5% transaction fee and lenders a 0,5% annual servicing fee. If Zopa itself fails then the money is not lost because the agreements are directly between the borrower and the lender and are legally enforceable. The collections agency would continue to collect from borrowers and make payments to lenders.

8. Continue . . . . (finally) Lenders can borrow at reasonable rates, borrowers get a decent rate of return, Zopa gets a small fee for enabling the transaction. The End