Social lending, microcredit, person to person or peer-to-peer lending, these are all terms for a new way to borrow and lend money. Using the internet as the marketplace microlending allows the extension of very small loans to people needing to borrow money. It’s like Ebay for loans. Here are some sites that offer this service.

Canada

1. IOU Central
2. Community Lend

United States

1. P2Pwealth.com
2. Peer-Lend - Peer to Peer Lending & P2P Loans
3. Prosper
4. Lending Club
5. Loanio - Peer to Peer Lending