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? […]