Weemba Inc., a new online provider that connects borrowers with lenders, reported Monday that loan listings relating to health-care expenses made up more than half of its requests so far.
Since launching its site four weeks ago, Weemba has attracted more than 150 loan projects with an average loan value of $37,000. Of current requests, 55% related to health care.
Loans for small-business financing and automobile, motorcycle and other vehicles each made up 12% of requests. Requests for mortgages and home improvement projects followed with 10%. Student loans totaled 6% and other lines of credit came in at 5% of requests.
Borrowers post information and projects through the Weemba site with the goal of securing financing from one of the registered lenders.