Michelle's Investor Success Story - Prosper
Home  >  Community  >  Stories  >  Investor  >  Michelle

People-to-People Lending for a Good Cause

Another Private Money Lending Success Story from Prosper

Msteele425, Florida
Loans: 75*, Total amount: $4,130*
Member Since: 02/2007

People-to-People Lending: What a Brilliant Idea!

When Michelle first came across Prosper on CNBC, she immediately thought people-to-people lending was a brilliant idea. The ability to help someone, "buy a house, start a business�it's great," says Michelle.

The Ease of People-to-People Lending

Michelle became a Prosper lender after filling out one form online and transferring funds that same evening. "The next day I was already bidding," she says. As a Prosper lender, Michelle decides to whom she should commit her funds and at what rate and, "is still getting better rates than any bank or CD."

People-to-People Lending Gives Impressive Returns

Michelle joined Prosper and bid $500 on borrower listings and immediately followed that up with another $500. Within a few months she had committed $2,000 of her funds and today holds loans totaling about $4,000 to 75 different people.*

(*as of 05/2008)


Related Video

More Success Stories

Alan, Prosper Lender

"It's so rewarding to be able to talk to someone about their finances, help them to get a loan at a much lower rate than they ever thought possible, and make better returns than I would from a money market or a CD."

Alan, Prosper Lender
Bob, Prosper Lender

"It's empowering to know that you can help people out and make money like banks do at the same time."

Bob, Prosper Lender

Share Your Story

Do you have your own Prosper success story to share?

Share your story