In another post, TMT indicated they are soliciting views on how this might work. Here are my thoughts. What are yours?
Initially I thought this might work like many of the other platforms where you buy into a part of a loan. But I guess that only makes sense when you can conduct some DD on that loan. If realistically you can't do that as with this interesting platform, then why would you chose one loan over another? Perhaps the lending term, amount and interest rates might influence it but they apply to collections of loans rather than individual ones. The loans here are also too small really to split up for many.
So my vote would go for something where all loans or all categories of loans are aggregate (pooled if you will) with income being distributed proportional to investment.