Quakle is a virtual market place where you can lend money to people you know, in a structured but friendly way, thus helping them to achieve their goals. It cuts out the bank costs so that everyone gets a better deal.
Quakle is different from the traditional credit providing systems and from the other peer-to-peer lending websites, in that it focuses on social criteria to handle a credit market on its website. No financial middleman is implied because we believe it is fairer, as vulnerable people usually pay unsustainable interest rates. And cutting out the high intermediary costs is really advantageous for both the lenders and the borrowers.