@Mike A good example of my fear on lenders-setting-interest-rate is your interest rate & low amounts on most loans. It simply means you're too keen on spreading your risks quite widely to avoid a huge loss at the same time ensure maximum return with those who will repay responsibly. Your typical lending summarized = $3 x 300 loans x 15% . I simply understand you have low trust on new borrowers but you equally do not trust long-trusted members with huge amounts. Because $100 x 3 loans x 15% will have same result but would show you as much a gain-oriented lender. Now you see why this trend is worrying me greatly @Mike ? Just assume 1000 more lenders take your approach in few months to come. It would require every loan to get support of at least 40 lenders to fully-fund a $120 & at maximum 15%! Now imagine a $1,200 loan!