If you're new to this whole new industry and are interested in funding a p2p loan or p2p borrowing, it would probably be best to go to the main Microlending page and read the articles from the bottom up starting with "Microlending in Canada: CommunityLend, Prosper.com & Zopa. Where are they, and when are they coming?. Articles are in a "newest at the top" format.

If you're familiar with Prosper, Zopa(US) and the like, then start reading from "IOU Central Comes Out of Nowhere: Canadian P2P Lending Now Available!" where I start documenting the entire process, so you can feel more comfortable with it, and learn from my mistakes and experiences, such as how you don't really need cheques if you don't have them to sign up for these services. Again, it would be a good idea to read that article, and the ones more recently posted, as it goes over everything that you'll need to do.

For now, IOU Central is the only service available to Canadians. Communitylend should be the next to operate, and then Peermint, in my opinion. So, if you don't feel comfortable with IOU Central, you shouldn't have to wait for too long.

And I am putting $125 of my own money where my mouth is, it is currently in transit from my credit union account to my IOU Central account.

I will have a functioning proper forum set up over the next day or two, so check back soon. Until then, feel free to contact me or just leave a comment on any article and I'll respond.