Today we are sharing performance data from the Prosper Portfolio for October 2022. Highlights from the Prosper Performance Update – October 2022: Portfolio insights and
Today we are sharing performance data from the Prosper Portfolio for September 2022. Highlights from the Prosper Performance Update – September 2022: Portfolio insights and
Prosper launched in 2006 as the first peer-to-peer lending platform in the U.S. and since then we have gone through many changes. But, more than 15 years after we were founded, one thing stays the same – our commitment to our borrowers and investors.
The last several weeks have been unprecedented for our country and the world. At Prosper, we have been closely monitoring the rapidly changing environment and the impact that COVID-19 will have on overall unsecured credit performance.
As one of the largest online marketplaces for consumer credit, Prosper regularly calibrates its credit and pricing models in order to maintain a balanced and sustainable
Prosper will be changing the way we present the return information on our website and will begin providing historical return data for each Prosper rating. This move from expected returns to historical data is intended to give our investors even greater insight into the Prosper platform’s performance as they make their investment decisions.
In March, we discussed Prosper’s approach to portfolio pricing in a rising interest rate environment. Prosper is committed to delivering value for both sides of the platform by providing a fair price for borrowers and a reasonable return for investors. With this objective in mind, we have been increasing the borrower rates on our platform since March to stay in-line with changes in the interest rate environment (Exhibit A).
Earlier this week in anticipation of the Fed Rate hike, we discussed Prosper’s approach to portfolio pricing in a rising rate environment. Our goal with rate-setting is to deliver value for both sides of the Prosper platform by providing a fair price for borrowers and a reasonable return for investors.
Pricing Changes – 03/01/2017 – Prosper will be updating rates offered to people who borrow through the Prosper platform as of March 2nd. This update
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