So far, 130 million euro's have been lend through the largest peer-to-peer lending platform in the Netherlands, www.geldvoorelkaar.nl. This was spread over 1300 projects. Over all the projects, the average interest rate (after incorporation of defaults) was 4-5%. This is not good enough for a bank, especially considering they would have to check each individual project, whereas that is now done by 'the crowd'. Still, it is a lot better than you can get through a savings account as a consumer, and a lot more fun than investing in big companies.