Last week Lending Club had a post about their first 100 days — 100 Days and a Million Dollars in Loans!…  This got me thinking, how does that compare with Prosper’s first 100 days?

Here are the Lending Club loans from that article…

Loans issued

172 for $1,046,000

On Prosper during it’s first 100 days (2/16/2006 through 5/27/2006)

Loans issued

985 for $4,716,443 and an average interest rate of 17.78%

Here is a query you can run on ProProsper to verify the Prosper numbers for yourself…

select count(loanid), sum(amountborrowed), avg(borrowerrate)
from loan
where originationdate>=’02/16/2006′ and originationdate<(cast('02/16/2006' as datetime)+100)

Update… Here I compare loan volume with identical credit score bands and DTI:  Lending Club vs Prosper — The First 100 Days Take 3

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Lending Club, Prosper.com

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