Prosper, America’s largest people-to-people lending marketplace, introduced its first monthly People-to-People Lending Market Survey covering membership and loan volume statistics; marketplace returns; borrower rates; mix of prime, near prime and sub-prime loans; and noteworthy marketplace statistics and trends.
Prosper was created to make consumer lending more financially and socially rewarding for everyone. Prosper’s membership consists of over 400,000 people from across the country. Since launching in February 2006, over $85 million in loans have been funded in the marketplace. The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper’s online auction platform.
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