Chris Larsen CEO of Prosper provided the commentary in the December 2007 Marketplace Survey. He places the Prosper Marketplace in the larger context of the “subprime” meltdown including the credit crunch that is being seen nationwide. His assertion is that all aspects of lending are affected by the credit tightening including the Prosper marketplace. Lenders are requiring better rates of return for carrying risk and in general are less willing to carry riskier loans.
People-to-People Lending Marketplace Survey December 2007
Membership and Loan Volume Statistics*
|
|
December 2007 |
December 2006 |
2007 Full Year |
2006 Full Year |
Since Inception |
| New Members |
31,620 |
18,251 |
400,361 |
137,545 |
538,128 |
| Funded Loans |
$6.2 million |
$4.5 million |
$80.9 million |
$28.1 million |
$109.1 million |
| Average Loan Size |
$7,268 |
$4,638 |
$7,053 |
$4,765 |
$6,272 |
| Daily Average Number of Borrower Listings |
2,924 |
1,723 |
2,348 |
1,037 |
1,562 |
Estimated Annual Return on Prosper Select Index*
|
December 2007 |
|
| Prosper Select Index |
8.34% |
|
Prime Select Index |
8.46% |
|
Near Prime Select Index |
8.43% |
|
Sub Prime Select Index |
5.59% |
Average Borrower Rates on Prosper Select Loans*
|
December 2007 |
November 2007 |
December 2006 |
2007 Year-to-Date |
2006 Year-to-Date |
Since Inception |
|
| Prime Select Loans |
9.80% |
10.22% |
9.21% |
9.98% |
10.39% |
10.08% |
| Near Prime Select Loans |
16.07% |
15.90% |
16.50% |
16.01% |
16.41% |
16.11% |
| Sub Prime Select Loans |
32.99% |
21.63% |
23.86% |
23.42% |
25.01% |
23.91% |
Mix of Funded Borrowers*
|
December 2007 |
December 2006 |
2007 Year-to-Date |
2006 Year-to-Date |
Since Inception |
|
| Prime |
43% |
25% |
32% |
25% |
30% |
| Near Prime |
52% |
44% |
57% |
49% |
55% |
| Sub Prime |
5% |
31% |
11% |
26% |
15% |
* For definitions please see see the survey
