Prosper Releases Peer-to-Peer Lending Market Survey
Largest Peer-to-Peer Lending Marketplace Releases Performance Statistics
January 26, 2010 05:15 PM Eastern Time
SAN FRANCISCO--(EON: Enhanced Online News)--Prosper.com, the world’s largest peer-to-peer lending marketplace accor
Bank, today released December 2009 statistics and second half of 2009 marketplace performance metrics. Notable in the second
period following Prosper’s SEC registration quiet period – the weighted average borrower credit score was 742 and the average lo
$4,369. These two metrics reflect the high credit quality of borrowers on Prosper as well as more conservative loan amounts being
funded in the marketplace.
“Prosper has the richest, thickest set of peer-to-peer lending data available,” said Chris Larsen Chief Executive Officer and Co-fou
“Last year’s introduction of Prosper’s proprietary peer-to-peer lending risk rating system, minimum bid floor, and 640 minimum cre
requirement has clearly made analyzing risk simpler and more robust than ever. The performance metrics we’re seeing as a result of
enhancements underscore that there’s simply never been a better time to be your own banker on Prosper.”
Prosper Statistics for the Second Half of 2009 may be viewed here:
Prosper Statistics December 2009
Average % of
Prosper Borrower Lender Estimated Estimated Loan
Rating Rate Yield Loss Rate Return Volume
AA 10.09% 9.09% 1.34% 7.74% $7,089 $439,510 20%
A 11.09% 10.09% 2.10% 7.99% $5,046 $590,388 27%
B 16.52% 15.52% 5.00% 10.52% $6,706 $120,700 5%
C 22.05% 21.05% 7.22% 13.84% $3,862 $363,026 16%
D 28.17% 27.17% 10.00% 17.17% $3,937 $362,160 16%
E 32.98% 31.98% 14.27% 17.71% $3,206 $160,300 7%
HR 33.71% 32.71% 22.08% 10.63% $3,514 $189,731 9%
Funded 19.26% 18.26% 6.81% 11.45% $4,570 $2,225,815 100%
Prosper Peer-to-Peer Borrower Loan Purpose
Debt Consolidation 53%
Business Use 12%
Home Improvement 9%
Auto / Vehicle 4%
Other Use 18%
Prosper Marketplace has facilitated $189 million in personal loans and has a community of over 920,000 members. To learn more
Notes offered by Prospectus.
Borrower Rate: The interest rate borrowers pay on their Prosper personal loan.
Lender Yield: Yield percentage is the lender's effective yield net of servicing fees, based on the borrower's interest rate. The funding
(found on every P2P loan listing) will let you know the likelihood that a loan will be fully funded.
Estimated Loss Rate: Estimated average annualized loss rate is based on the historical performance of a portfolio of similar Prosper
Estimated Returns: Lender yield minus estimated loss rate. This does not factor in late fees or uncollected accrued interest on default
performance may differ from estimated performance.
Funded Loans: Borrowers who post listings in the Prosper marketplace are asked how they intend to use their peer-to-peer lending
The following reflects borrowers’ statements of intended use of loan proceeds and is the percentage of total dollars funded for the
does not verify or confirm after funding how loan proceeds are used.
Tiffany Fox, 415-593-5416
Prosper Communications Director