(sql to produce statistics at the end of post)
In May, Prosper originated more loan volume than in any previous month roughly 9.6M loans the vast majority were credit grades AA-C. This is great news for Prosper on 2 fronts: total volume and loan quality. Here is the breakdown…
| May 2008 Prosper Origiantions | ||||
|---|---|---|---|---|
| Credit Grade | Loans | Amount | Amt / Loan | % total |
| AA | 223 | $2,003,970 | $8,986 | 20.9% |
| A | 225 | $1,924,277 | $8,552 | 20.0% |
| B | 270 | $2,084,555 | $7,721 | 21.7% |
| C | 388 | $1,979,505 | $5,102 | 20.6% |
| D | 295 | $1,202,235 | $4,075 | 12.5% |
| E | 82 | $185,909 | $2,267 | 1.9% |
| HR | 120 | $220,425 | $1,837 | 2.3% |
| Total | 1603 | $9,600,876 | $5,989 | |
All in all it looks like a very positive step… Can Prosper keep the momentum… stay tuned for next month?
Sql:
Select creditgrade, count([key]), sum(amountborrowed)
from loan
where originationdate>='5/1/2008' and originationdate<'6/1/2008'
group by creditgrade
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