Social Lending Helps You Support Your Favorite Causes
At Prosper, you'll find that many of our loan listings cover much more than debt consolidation or home improvements. Social lending lets you bid on the listings that appeal to your principles. Just search our listings now.
From fundraising events to fighting disease, to promoting renewable green industries and much more—you can help aid the cause that best connects with you—while putting your money to work.
People-to-people lending that makes a difference
We make it very easy to find the social lending causes that interest you. After joining, here's how you start:
- Search our community's listings
- Enter the keyword(s) for your preferred cause
- Read through our borrowers' stories
- Bid on the listings that connect with you
Many of our borrowers offer a detailed account of how the loan's funds will be used, but feel free to ask them any relevant questions you may have. The ability to Interact with the borrower is one of the best parts of social lending.
Remember, you can bid as little as $25 per listing. This may help you diversify your portfolio.
One of the great aspects of social lending is finding satisfaction in helping certain causes. Why not perform a search now and see which ones you can help support?
How Does Prosper Work?
Prosper is the peer-to-peer lending marketplace for borrowing money and investing in loans. Prosper's lenders bid on borrowers' loans, and borrowers tell their story in an online listing. Social lending brings everyone together.
Prosper lenders bid on listings and purchase Prosper Notes. Each Prosper Note corresponds to a listing which sets forth the relevant details about the loan, including loan amount, price, yield percentage, and borrower information. Any payment from a Prosper Note is dependent on payments Prosper receives on the corresponding loan.
The Notes that correspond to specific borrower listings are offered pursuant to the prospectus. Investors should read the complete description of the Notes and risks associated with making an investment in the Notes as well as other information about us and our platform in the prospectus.
Prosper Notes are risk bearing and speculative investments for suitable investors only. If a borrower fails to make payments on the corresponding borrower loan related to your Prosper Note, you will not receive payments on your Note. There is the potential that you will not receive any payments on a Prosper Note. You should review the Prospectus before bidding on loans. Not FDIC-insured. Notes may lose value. No Prosper or bank guarantee.
