A new loan funded (Too Much Business / Need to Expand — $9,500 at 20%).  I participated via a 2 standing orders (Low Amt Extreme DTI and Low Amt Any DTI) and a manual bid the loan was Autofunding.  The borrower had AA credit and 45% 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 my manual bid I pushed my involvement in this listing to my highest dollar amount yet ($197.15).

With this loan I have $4,347.15 in principal across 66 loans ($65.86 per loan) with an weighted average interest rate of 17.18% and an account value of $4,651.36. Each loan on average is 1.4% of my portfolio with a maximum in any one loan being 4.2%.

Here is the listing:

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

Parents are begging me to work with their children during the summer months when school is out. Students will have assigned times and days to come. I can be productive and make as much in the summer as I make teaching public school during the school year. To work everything to my financial advantage, I am going to need some funding upfront to purchase four computers, a printer, software for the computers, workbooks, student books, teacher books, various educational kits and materials. I also will need to rent a space, carry insurance, and I will need to hire an assistant. I have experience in grades K-8 in regular education and in special education. I will be working with students across a broad spectrum. I will repay you. I always pay all of my bills on time. The existing debt belongs to my husband and myself. His salary for 2006 was $181,000.  

Here is a graph of all loans on Prosper with AA credit and a DTI of < 45% and Loan Amount $9,500 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
100	$7,578.61	9.16%	1.38%

The weighted average plus 1 sigma is 10.54%. The weighted average plus 2 sigma is 11.92%. The weighted average plus 2 sigma is 13.3%. The weighted average plus 3 sigma is 14.68%. The weighted average plus 4 sigma is 16.06%. The weighted average plus 5 sigma is 17.44%. The weighted average plus 6 sigma is 18.82%.  The weighted average plus 7 sigma is 20.2%.  This loan is between 6 and 7 sigmas higher than the mean.  Another statistical aberration. It is a new personal record. 

Oh yeah.  And they are a homeowner.

What do you think?

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Loan Review, Prosper.com

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