Kokos.pl introduces Social Verification and Express Payment of loans

Kokos.pl, a social lending service, helps new users to function on the platform and use it, as well as allows to put down in real time the received loans into a bank account 24 h a day, 7 days a week.  

Social Verification is run by experienced investors for the benefit of new users of Kokos.pl. Verification may be carried out by an Investor meeting specified criteria (at least 1 year of internship in Kokos.pl and minimum 20 implemented investments).

A Borrower may use the Social Verification service any time, as well as order it many times, also via different authorized investors specified as Verifiers. A Verifier, apart from checking the required data, may assist a Borrower in setting up an auction and taking out a loan.

Another innovation is introducing a service called Express Payment for Borrowers. The service allows a loan to be available on a bank account immediately having implemented the auction in Kokos.pl.
The funds paid in by investors are available on the Borrower’s account 15 minutes after completing
the auction. Express Payment is possible thanks to BlueCash system which nowadays runs services
for 14 banks.

Kokos.pl is the biggest social lending service on the Polish market and plans to gain altogether 100.000 clients until February 2010. The amount of the loans granted is close to PLN 16 mln.
The operator of Kokos.pl is Blue Media SA.

Related information:

• Lending on Internet is not a business activity
  05 November 2009 r.
• Kokos.pl Loans and investments over the Internet
  13 February 2009 r.