One of Britain’s fastest-growing alternative lenders, Zopa, is on track to double its loans this year as the peer-to-peer website takes on high street banks.

After lending £20m in a month for the first time in July, the business expects total loans to hit £200m this year – more than double the amount for 2012 – and £400m in 2014. Zopa acts as an online broker between borrowers and individuals willing to offer loans.

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