It is time for the end of September 2007 update of the IRR Lender “Game.”

This month was just a regular month. A Collections guru was hired and I did have a collections paymnet at the last second that saved me from a negative model IRR. Hopefully, a sign of things to come.

This is going to be more about accomplishments during the last month rather than pure calculations. The actual numbers are at Prosper.com IRR Lender “Game” Tracking Page

So without further ado:

Highest IRR Model: Eric’s Credit Community 3.38%

Largest IRR Model Improvement: Eric’s Credit Community improved 331 basis points by going from 0.07% to 3.38%.

Lowest IRR Model: Pensioner (11.39%) with LazyMan hot on his heels at (10.70%)

Largest IRR Model Degradation: LazyMan losing 239 basis points by going from (8.31%) to (10.70%).

Highest IRR Best: LazyMan 18.92%

Largest IRR Best Improvement: pensioner improved 206 basis point to 12.19%

Lowest IRR Best: Eric’s Credit Community 10.00%

Largest IRR Best Degradation: no one degraded.

The “game” is tracking portfolio IRR through time. We will be tracking both a best and worst case value. The best case assumes the entire account value will be received at the time of the update. The model case assumes that all loans 1 month or more late will be wroth zero.

Here is the “Game” definition: Prosper Lender IRR “Game”

Here is the a sample spreadsheet: Prosper IRR Spreadsheet.

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