It’s been 1 month since we opened our Zopa account and I am pleased to say we have lent out 99% of our £1000 fund. I think this took roughly 2 weeks for all of my funds to be placed on loans and get accepted.

I haven’t had any problems using Zopa and so far I really like the hands-off automated approach to their system. Below are screenshots from my first month, where you can see I gained £1.90 interest from borrowers.

And here is my (very detailed) loan book which documents every loan and is available to download in .csv format which is very handy.

See you next month with another update.

Get an extra £50 in your account when you lend £2000 or more. Sign up to Zopa here.