Marketplace lender Prosper has provided $18 billion in loans, platform issued 2,258 loans this past week
Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared their performance data from the Prosper Portfolio for November 2020.
Last month, around 84% of originations were “rated AA-B compared to 86% in the prior month,” Prosper confirmed. They also noted that the weighted average annual income of platform borrowers last month was $105K, “remaining relatively flat year-over-year.”
Prosper also mentioned that the weighted average borrower rate for November 2020 originations “increased by 30 bps month-over-month, due to a higher mix of B-HR rated loan originations over the period.”
As confirmed on the platform’s official website, Prosper has “empowered” 1,061,045 people by issuing $18 billion in total loans. Prosper has reportedly issued 2,258 loans during the past week.
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Source: Marketplace Lender Prosper has Provided $18 Billion in Loans, Platform Issued 2,258 Loans this Past Week