Yirendai - a China based peer-to-peer lender that floated on the New York Stock Exchange in late 2015. Net income Q2 2016 increase by 226%.Q2 loans RMB 4538M or $682.9M, up by 118%. Q2 revenues up by 140%

The potential for this must be huge. They already have 196,059 investors. Simply see the share chart!

I was chatting to a friend of mine down the allotment a few weeks ago who was telling me his nephew has started his own company with peer to peer lending called save a stream.This is a very simple set up paying 1% a month to investors on loans of up to 70% loan to value for a short period of months. They charge the lenders 1.5% a month and 2 people in our allotment have invested already out of about 100 allotment holders.

With this simple concept, coupled with a simple phone call or mobile app, Yirendai is already heading to be another multi - bagger in my book.

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