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Prosper Performance Update – April 2020

The Performance Update for April 2020 is now available. In April, approximately 80% of originations were rated AA-B compared to 66% in the prior month, driven by credit tightening in response to changes in economic conditions related to COVID-19. Read the full report for more details.

Today we are sharing performance data from the Prosper Portfolio for April 2020.

Highlights from the report include:

  • In April, approximately 80% of originations were rated AA-B compared to 66% in the prior month, driven by credit tightening in response to changes in economic conditions related to COVID-19.
  • The weighted average annual income of borrowers on the platform in April was $114K, which represents an 11% increase year-over-year.
  • The weighted average borrower rate for April originations increased by 12 bps month-over-month. On a mix-adjusted basis, the borrower rate increased by 148 bps month-over-month, driven by borrower rate increases implemented in March.

Portfolio insights and key charts can be found here.

The Prosper Performance Updates are designed to help our investor community better understand performance trends and to provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.

If you wish to add your name to the monthly performance update list, please email [email protected]

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