Prosper Closes 100 Million is P2P Loans
November 15th, 2007 | Prosper.com
This is a major milestone for p2p lending… I can’t wait to see what the next 100MM brings.
From the marketplace data in the public xml data file (after I imported into ProProsper)…
| Date: |
|
| Principal Closed: |
|
| # Registrations: |
|
| # Lenders: |
|
| # Groups: |
|
| Historical Interest Rates |
| Credit Grade |
Group Member |
Average Rate Less Than 5K |
Average Rate 5K to 10K |
Average Greater Than 10K |
| NC |
0 |
|
|
|
| HR |
0 |
0.23706 |
0.15465 |
|
| E |
0 |
0.25773 |
0.04000 |
|
| D |
0 |
0.20430 |
0.22453 |
0.11575 |
| C |
0 |
0.15986 |
0.17901 |
0.21070 |
| B |
0 |
0.12858 |
0.13581 |
0.16370 |
| A |
0 |
0.10615 |
0.11453 |
0.13910 |
| AA |
0 |
0.07777 |
0.09706 |
0.12682 |
| NC |
1 |
|
|
|
| HR |
1 |
0.22707 |
0.15550 |
|
| E |
1 |
0.23389 |
|
|
| D |
1 |
0.19329 |
0.19891 |
0.17540 |
| C |
1 |
0.15327 |
0.18556 |
0.19803 |
| B |
1 |
0.11401 |
0.13296 |
0.15779 |
| A |
1 |
0.07346 |
0.10295 |
0.12796 |
| AA |
1 |
0.07938 |
0.08100 |
0.14180 |
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4 comments ↓
Great and 99 million is currently in default status due to bankruptcy or identity theft.
Matt I approved your comment because I felt it warranted a rebuttal.
99MM is a blatantly incorrect figure. The true amount of that 100MM that is one month late or worse is is 11.2MM in origination volume. Note that the actual principal balance will be less.
Prosper repurchases all loans that are proven identity theft. Prosper repurchased one of my loans: http://www.rateladder.com/2007/10/26/prosper-repurchases-a-loan/
[...] are due to open their sites for business shortly. Seven competitors in a market space that, while growing in loan volume, is possibly not growing fast enough to support that many [...]
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