Three Years of Peer-to-Peer Lending Results With Prosper

For the past two years I have reviewed the returns of my lending account on the peer-to-peer lending website, Prosper.com. This is year three of those reviews.

First, be aware that I am no longer adding money to my Prosper.com account. As the loans that I have helped to fund are paid off I will withdraw the money. I have chosen to forgo investing in Prosper because of major glitches that I encountered earlier this year that really made me rethink investing specifically through Prosper. I have opened an account with Lending Club and may switch to that company in the future. […]

Two Years of P2P Lending Results With Prosper

Two Years of Peer-to-Peer Lending Results With Prosper

Last year I reviewed how my lending account with Prosper.com was doing. I thought I would continue along those lines and share how my account is doing after the two year mark. If you don’t know what Prosper.com is, it is one of the largest peer-to-peer lending networks in the country. Prosper.com and its rival, LendingClub.com gives everyday men and women like us the opportunity to effectively become bankers, lending our money out to others in the hopes of attracting a really good rate of return. You can read all up on how it works on Finance 101: What The Heck Is Peer-to-Peer Lending? […]

One Year On Prosper

One Year On Prosper


With banks paying virtually nothing in interest on small accounts, I turned to Prosper.com last year to possibly increase my rate of return.  It’s time to see how the initial loans that I made are doing one full year later.

Out of 11 loans, 5 are just about one year old.  In the interest of fairness, we will look at just those five.  I loaned $25  to each of the 5 borrowers for a total of $125, with an unweighted average interest rate of 9.12%.   I have received a total of $48.48 in principal and interest from these loans. Instead of writing this all down, why not review it all in chart form? […]