Five steps to group success

Set your group's membership criteria

The quality of your group's membership will determine the quality of its reputation. As the group's leader, you should be specific and deliberate when it comes to your group's purpose and membership. Follow these steps to get a head start in the right direction:

1. Create a clear list of membership criteria

• What information will you require members to provide?
• Will you ask to see members' driver's license, pay stub, diploma, or other forms of identification that will prove their story?
• Be sure to read Prosper's policy on group member selection.

2. Post the criteria on your group page

• Borrowers will be better prepared when they make their membership request
• Lenders may gain confidence in your group by seeing your membership criteria posted publicly

3. You can change your criteria over time

• Be sure to post updates to your group page if you change your policies so everyone can read them