Peer-to-peer loans more than double

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Peer-to-peer lending more than doubled in the UK last year.

The Peer-to-Peer Finance Association says cumulative lending rose from £381 million at the end of 2012 to £843 million last year, when there were more than 3,700 business borrowers, 70,000 consumer borrowers and more than 86,000 active lenders.