Prosper.com - or online lending gets popular
Filed in archive Venture Capital on March 21, 2006
After Zopa in the UK, Prosper has started in the US. The idea seems to work well as communities and groups spread teh lending risks to several individuals. Although it seems still a little early to say as many loans are not yet due to be repaid now. It's interesting to see how the sites cope with the torrent of potential bad debtors.
At least Prosper's marketing is excellent - just launched they got a NYT article and have been featured on CBS 5.
Good luck!

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Vote for Prosper.com - or online lending gets popular:
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Rating: 6.00 out of 2 vote(s) cast.
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Response from:
Mayan1
(11/09/06 6:41am)
Response from:
Apple User Group @ Prosper
(03/16/07 11:04pm)
First off I am a Prosper lender for over a year and a Group Leader. I have made about 8% after defaults. I have found that prosper will succeed in smaller circles. It seams that small tight niche groups will beat the odds for lenders, even no group loans beat the odds. its the investing in mega groups that will destroy a lenders pocketbook and ultimately prosper. Groups who do scrutinize their borrowers will help reduce default rates.
http://maclenders.com
http://maclenders.com
Response from:
raj
(12/08/10 5:40am)
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DEAR SIR,
I am in trading business of metals in Mumbai India. I am looking for loan of usd 100,000=00 (usd one lakh only). pl let me know if i can get it. also let me know the terms and conditions.
thanks
raj
I am in trading business of metals in Mumbai India. I am looking for loan of usd 100,000=00 (usd one lakh only). pl let me know if i can get it. also let me know the terms and conditions.
thanks
raj

In less than a month this unique group attracted 200 members, placed 10 loans, and had 50 active listings.
Two Millionaires is helping high risk borrowers who can't attract lenders even in the socially exciting Prosper.com people to people market. The goal of the Two Millionaires founders is to help sincere high risk members get to the point where they qualify as Prosper.com lenders and group leaders themselves.
Two Millionaires attracts lenders by offering a large selection of quality listings at high interest rates, and an opportunity to help others.
https://www.prosper.com/public/groups/group_home.aspx?group_short_name
=Mayans2