Prosper Releases Peer-to-Peer Lending Market Survey

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Jan 2010
San Francisco, United States, January, 26 2010 - Prosper.com, the world’s largest peer-to-peer lending marketplace according to Deutsche Bank, today released December 2009 statistics and second half of 2009 marketplace performance metrics.

Notable in the second half of 2009 – the period following Prosper’s SEC registration quiet period – the weighted average borrower credit score was 742 and the average loan amount was $4,369. These two metrics reflect the high credit quality of borrowers on Prosper as well as more conservative loan amounts being requested and 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-founder of Prosper. “Last year’s introduction of Prosper’s proprietary peer-to-peer lending risk rating system, minimum bid floor, and 640 minimum credit score requirement has clearly made analyzing risk simpler and more robust than ever. The performance metrics we’re seeing as a result of these 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:

http://www.prosper.com/welcome/marketplace.aspx

Source : Business Wire
 

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