Prosper

Prosper.com is a website that allows regular people to issue and receive loans from other regular people. Users can create a profile and create a loan listing that includes setting a maximum interest rate, and information about what the loan will be used for. Anyone interested in financing a loan is allowed to bid with the loan recipient having the final say in which bids are accepted. Once the auction closes the money is deposited directly into a bank account with repayment happening the same way.