A new loan funded (Purchasing rental equipment in my hardware store — $20,000 at 24%).  I participated via a manual bid, this was an auto funding loan.   The borrow had C credit and 29% DTI.  As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the last 7 years, and 2 or less public records in the last 10.

With this loan I have $4,050 in principal across 63 loans ($64.29 per loan) with an weighted average interest rate of 16.92% and an account value of $3,944.70. Each loan on average is 1.6% of my portfolio with a maximum in any one loan being 3.8%.

Here is the listing:

For the readers that believe in reading the actual description without modification:

I am requesting this loan so I can add more rental equipment to my existing rental department! I’ve been in the hardware business for 25 years, 20 of those years were with my ex husband, he’s gone and now I’m on my own! I would have sent a picture but I’m not quite sure how to do it!!! 
 

Here is a graph of all loans on Prosper with C credit and a DTI of < 29% and Loan Amount $20,000 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
53	$20,164.89	18.85%	3.72%

 

The weighted average plus 1 standard deviation is 22.57%. The weighted average plus 2 standard deviations is 26.29%.  This loan is between 1 and 2 sigmas higher than the mean.

What do you think?

 

Related posts:

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Loan Review, Prosper.com

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