P2P lending

P2P (peer-to-peer) lending — platforms that match retail money to borrowers, letting you “be the bank” in small slices. The honest economics: multi-year lockups with steep-discount early exits, default rates that must be netted against the headline rate (US data: ~7.8% lifetime defaults, near-zero recovery once sold to collectors), possibly unverified borrower income, and — in PH — interest taxed at the 20% final rate. The PH space is mostly borrower-side apps under an SEC moratorium; any platform must pass the verification ritual (SEC registration → Certificate of Authority → advisories check) before its numbers even get read. Sleeve-sized at most.

First used in: 2.5 · The speculative sleeve