July 22, 2011- WikiLoan has just introduced the WikInvite tool to the social lending site. The tool provides users with a platform to share their loan proposal with friends and family through: Facebook, MySpace, Twitter and with the use of an email address book. This new service will significantly increase the chance of borrowers finding a lender within their social circle.

WikiLoan is a system that has been created with the aim to achieve an effective peer to peer lending platform. The site provides users with the tools necessary to create a loan proposal that includes: their interest rate, expected repayment date, and calculated monthly repayment schedule.

This system aims to take the discomfort out of directly asking for a loan, and placing friends and family under obligation. After a loan has been secured, the borrower can enable a direct payment feature, to ensure that they repay their loan every month. This is achieved with direct withdraws from their bank account.

With the use of the new WikInvite tool, users can market their proposal with greater ease, and locate a lender quickly. Even if the borrower does not find a lender within their networks, lending accounts can be created for individuals who wish to offer a helping hand, and supplement their income.

Interested borrowers and lenders are encouraged to visit the site to create a free account.

Contact:
(310) 443-9246
contact@wikiloan.com

For more information about WikiLoan and the introduction of WikInvite visit, http://www.wikiloan.com