February 12th, 2008 — Snapshot from Jeff & Heather @ My Microfinance
Portfolio Ranking
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Current Account Balances
Prosper.com- $4,208.97
LendingClub.com- $3,023.54
Kiva.org- $2,325.00
Zopa.com- $500.00
MicroPlace.com- $150.00
Total= $10,207.51
Last Updated- February 12th, 2008
Related StoresFebruary 11th, 2008 — Friends, Prosper, Update from Jeff & Heather @ My Microfinance
“Thats hilariously chickens#!t of you..I bid your blog goodbye…Too bad you have been re brainwashed.”
- bamalucky
Anyone else wanna step up to the plate or is bama the only one out of his mind from the former Prosper.com crowd? Feeling a little hurt this morning by a supposed ‘expert’ on P2P lending. These are the [...]
February 10th, 2008 — Prosper, Snapshot, Update from Jeff & Heather @ My Microfinance
This week’s snapshot of our P2P portfolio…
Kiva.org- $2,300.00
LendingClub.com- $2,421.93
MicroPlace.com- $150.00
Prosper.com- $4,200.15
Total- $9,072.08
Now for updates on the accounts…
We currently have $650 in transfers pending at LendingClub.com. This should boost the account beyond $3,000 by Tuesday. We are excited as this means we have placed an average of just over $1,000 per month into this account since [...]
February 9th, 2008 — Prosper, Update from Jeff & Heather @ My Microfinance
“Dear Jeff,
Happy anniversary and congratulations on your 2nd year with Prosper!
Thank you for being a valued member of our community and for helping to make consumer lending more financially and socially rewarding for everyone. If Prosper has been helpful to you, please send us your story at stories@prosper.com and we’ll include it on our success [...]
February 6th, 2008 — Kiva, Update from Jeff & Heather @ My Microfinance
The Kiva.org Terms of Use was updated today… Oddly enough, the SAME day we place our first loans in a long time! Way to go Kiva! It feels good to be back on board!
New ToU!
February 6th, 2008 — Kiva from Jeff & Heather @ My Microfinance
There has been much discussion in our home about the possibilty of starting to lend through Kiva.org again. Heather, my charming and sometimes covertly manipulative wife, has worked on dropping hints that she wants us to start lending soon. She had some valid points… Currently interest rates are low, so we aren’t even seeing a [...]
Related StoresFebruary 3rd, 2008 — Prosper, Update from Jeff & Heather @ My Microfinance
So it’s coming up on a week now since I reported the possible sale of our personal information by Prosper.com to unruly and unsavory credit scum. Well, I did some further research and yes, we have used the ‘FANAFI Foundation’ name in one other spot (WordPress.com as a blog name, now defunct and void). However, [...]
Related StoresFebruary 3rd, 2008 — Snapshot from Jeff & Heather @ My Microfinance
I’m going to start doing weekly portfolio snapshots of our P2P lending… Without further delay… Oh, if MicroPlace.com is reading this, I WAS going to deposit another couple of hundred from Kiva.org transfers, however, I found that I’m locked out again (oh cock!). Since I don’t like waiting on the phone on a Monday morning, [...]
Related StoresFebruary 3rd, 2008 — P2P Lending from Jeff & Heather @ My Microfinance
I know I’m going to get crap for this… My SuperBowl prediction for today…
NE Patriots- 24
NY Giants- 27
Why? Brady is not 100%, Randy Moss dissed Glendale as a gracius host for his dumb-ass and the name ‘Manning’ could break a dynasty BECAUSE he is underestimated. So there it is. Enjoy the show!
[...]
February 1st, 2008 — Review, Update, Zopa from Jeff & Heather @ My Microfinance
Zopa sent us another email reminding us that this coming Monday they will be dropping the rate on the Zopa CD yet again. They also, wisely enough, mentioned that you can help Heather’s loan achieve a lower payment! So everyone wins! Simply visit the link below if you want to lock in a 4.5% Zopa [...]
Related StoresJanuary 31st, 2008 — Lending Club, Update, goals from Jeff & Heather @ My Microfinance
LendingClub.com? No controversy or complaints here… That is why I love LendingClub.com! I have been with the ‘club’ for nearly three months and have grown the account to $2,415.11 and have 98 loans under our belt. What really impresses me with LendingClub.com is the communication! Their blog is truly world-class as it isn’t just about [...]
Related StoresJanuary 29th, 2008 — Editorial, Prosper, Update, prosper can suck my junk... mail, prosper wears soiled panties from Jeff & Heather @ My Microfinance
So recently I’ve had a HUGE surge in junk mail, junk email and junk phone calls from people in the past few months. When I asked one of them today where they got my business name (FANAFI Foundation) they politely told me it was SOLD to them by Prosper Marketplace, Inc.! I have had a [...]
Related StoresJanuary 28th, 2008 — Lending Club, Update from Jeff & Heather @ My Microfinance
There is finally a LendingClub statistics site! I introduce to you…
Use it, bookmark it, pimp it, love it! Kudos to Eric at EricsCC.com for creating this useful tool. I am looking forward to seeing new stat categories available in the future, but the site does the job well with available data! All we need now… [...]
Related StoresJanuary 26th, 2008 — Lending Club, Retirement, Update, lendingclub.com, stocks, sub-prime from Jeff & Heather @ My Microfinance
We have crossed the $2,000 threshold in our Lending Club account as of yesterday which puts us on course for our goal of $10,000 by the end of the year. A few things on my mind… The tax rebate situation in Congress is getting a little dicey as the Dems are pushing to add benefits [...]
Related StoresContinue reading → And now for something completely different…
January 24th, 2008 — Lending Club, Update from Jeff & Heather @ My Microfinance
Firstly… Site redesign! Minimalist in every way for mobile phones, old 386’s and for Grandma’s frail eyes.
Secondly… New email address! See link at right! Email me dammit.;)
Finally… Tax Rebates? What are you going to do with yours? We are going to put ours into Lending Club lending the moment it arrives! We don’t need the [...]
January 24th, 2008 — Lending Club, Update from Jeff & Heather @ My Microfinance
Firstly… Site redesign! Minimalist in every way for mobile phones, old 386’s and for Grandma’s frail eyes.
Secondly… New email address! See link at right! Email me dammit.;)
Finally… Tax Rebates? What are you going to do with yours? We are going to put ours into Lending Club lending the moment it arrives! We don’t need the [...]
January 21st, 2008 — Lending Club, Update from Jeff & Heather @ My Microfinance
Today is double-good. First… Lending Club has made active their new interface at the Account Information Screen. Now we have a better idea of how all our little portfolios work together and the summary is spot-on fantastic (another ‘gold star’ for Rob Garcia and the gang)! Secondly… The iPod Touch I bickered about late last [...]
Related StoresJanuary 18th, 2008 — Editorial, Update, amazon.com sent me an ipoo instead of an ipod from Jeff & Heather @ My Microfinance
When ordering online, steer clear of Amazon.com’s inept service and shipping department in order to ensure your anniversary gift arrives on-time. Heather ordered me a brand new iPod Touch (16GB) for the amazingly low, low price of $358.99 per their website. Add overnight shipping and it’s still about $60 cheaper than purchasing locally.
So attempt #1… [...]
January 11th, 2008 — Editorial, Lending Club, Prosper, Update, anagrams are loco aka cool, i'm a sockpuppet again, prosper has mind control devices from Jeff & Heather @ My Microfinance
First, I want to re-thank the lenders who helped make our loan restructuring at LendingClub.com possible. It has been ‘Issued’ as of this afternoon! The Prosper loan repayment is to take place once the funds land in our account (tomorrow perhaps, Monday likely). The savings of $310+ will not be in vain or spent on [...]
Related StoresJanuary 8th, 2008 — Update from Jeff & Heather @ My Microfinance
To my former Prosper peeps and current Lending Club ones who helped make this possible…
THANK YOU!
The lucky lenders!
This also gives you, the lenders, a peek of what happens AFTER a loan has funded with the lovely screenshots above!
Related StoresJanuary 7th, 2008 — Lending Club, Prosper, Update, Zopa, prosper can kiss my butt from Jeff & Heather @ My Microfinance
With the arrival of 2008 I have come to realize that the one thing I want most is a complete ‘divorce’ from a certain other P2P company (doesn’t rhyme with much, well, Hot Spur comes close) when it comes to a loan I have on the books. Last year I took out a loan to [...]
Related StoresJanuary 4th, 2008 — Editorial, Kiva, Lending Club, Microplace, Prosper, Zopa, goals from Jeff & Heather @ My Microfinance
We made a major decision yesterday as to what we are going to do on the P2P side this year. We have decided to go with only ONE P2P option in 2008, which will be Lending Club. We looked at the numbers and came to the conclusion that our investment dollars will get the most [...]
Related StoresJanuary 1st, 2008 — Kiva, Lending Club, Microplace, Update, Zopa, goals from Jeff & Heather @ My Microfinance
Here are our starting numbers for two of our P2P efforts as of end of day yesterday…
Loans- 66
Account Value- $1,653.57 (repayments have started)
2008 Goal- $10,000 in loans @ 10%+ return!
Loans Issued- 105
Historical Loan Value- $2,625
Current Default Rate- 0.00% (nice!)
2008 Goal- $5,000+ in loans!
The new year brings with it some exciting opportunities on the P2P lending [...]
December 29th, 2007 — Kiva, Microplace from Jeff & Heather @ My Microfinance
This evening I found us locked out of our MicroPlace.com account due to a stuck keyboard key when attempting to log in. So the message prompted me to call MicroPlace… No one is in their office until Monday (maybe) which means I won’t be able to lend again until at least Monday.
Sooo… Where does that [...]
December 24th, 2007 — Editorial, Lending Club, Prosper, Update, prosper.com got a wedgie from lenders, prosper.com pooped its pants in fear from Jeff & Heather @ My Microfinance
On this Christmas Eve we are thankful that our first wave of loan repayments are hitting the Lending Club account! The Lending Club has been a much overlooked gem in a growing sea of P2P companies (Prosper, GlobeFunder, Loanio, etc) and wannabes (Zopa for example). We are finally satisfied with the symbiotic relationship we have [...]
Related StoresDecember 22nd, 2007 — Prosper, Update, prosper equals dog food, prosper is the next enron for morons from Jeff & Heather @ My Microfinance
Here are some articles of use for anyone pondering borrowing or lending through Prosper.com (cliff-notes… DON’T!).
New Lender Agreement issues!
Fred93’s Holiday Wish!
Prosper.com secretly promoting Prospers.org?
Anything here… LoanChimp’s page (hilarious and informative)!
On those happy notes… Happy Holidays to all. May peace be with lender and goodwill to the borrower!
December 20th, 2007 — Update from Jeff & Heather @ My Microfinance
No, the two don’t go hand in hand, however, I would gladly loan my mom money if she needed it.;)
Lending Club loans from last month are starting to submit payments into our account which is very encouraging indeed! We are still hoping to hit the $2,000 barrier before the end of the year so we [...]
December 18th, 2007 — Prosper from Jeff & Heather @ My Microfinance
Those of you familiar with Jessica Wolcott (aka JessM) of Prosper.com (nearly disasterous fame) will rejoice in hearing the skank has been scheduled to serve 21 months in the pokey! Hope she enjoys her stay… NOT!
Article here and here! I would link up the JessM chronicles from the Prosper forums, but hmmm… nowhere to be [...]
December 18th, 2007 — Prosper, Update from Jeff & Heather @ My Microfinance
Today I am proud to announce the death of Prosper loan #104 (balance of $5,603.79). Loan #8319 will be gone in a few weeks as well ($1,500+/-)…
What does this mean? It means we are committed to leaving Prosper.com penniless and lenders scratching their heads and looking for another set of loans that will NEVER [...]
Continue reading → Ode to a loan… Flipping the bird at Prosper!
December 18th, 2007 — Prosper, Update, i-hate-prosper-like-hitler-hated-people, tokyo joe from Jeff & Heather @ My Microfinance
As a former Prosper lender, I can relate to many of the events that Tokyo Joe encountered on his not-so-Zen journey at Prosper.com! I enjoy reading what Joe has to say in the weeks and months to come!
Tokyo Joe’s Blog
Prospers.org (don’t get confused by the extra ‘S’ or the ‘.org’ though!)
Feels like such a long [...]
December 13th, 2007 — Lending Club, Update from Jeff & Heather @ My Microfinance
Four pieces of good news from the Lending Club side…
One… They went National! Congrats in beating the competition to the largest pool of ‘good’ borrowers!
Two… They now have data available! Available in both .XML and .CSV formats. RateLadder has already taken advantage to give us a beautiful snapshot!
Three… We have added more ‘water’ to our [...]
December 12th, 2007 — Lending Club, Prosper, Update, Zopa from Jeff & Heather @ My Microfinance
This afternoon I took a moment to check out our Prosper.com portfolio and was actually surprised to see the number of late loans drop from a high of 16 down to 12, of which NONE originated from 2007 picks (even in the <15 day category). What does this mean?! It may mean Prosper.com finally has [...]
Related StoresDecember 11th, 2007 — Zopa from Jeff & Heather @ My Microfinance
After my recent overview of Zopa.com I thought I would share some ideas on how Zopa could capture my heart on a ‘conservative’ basis when it comes to their ZopaCD’s they offer. Currently I can find dozens of banks in my area offering between 5.5%-7% CD’s with pretty modest investment capital requirements. My hope is [...]
Related StoresContinue reading → Zopa, Interest Rate Drop and a Kick in the Ass!
December 7th, 2007 — Kiva from Jeff & Heather @ My Microfinance
We closed down the LMYG blog for a while. Two things… Design changes to the site are planned (have been since before the PayPal issue even cropped up a few weeks back). Plus we are awaiting changes (promised) to the Terms of Use. Once the ToU is updated we will likely come back to Kiva.org [...]
Related StoresDecember 6th, 2007 — Prosper from Jeff & Heather @ My Microfinance
I had posted something about a ‘challenge’ a few hours ago. However, I was advised from within Prosper (my source who shall be protected) that this would not be acceptable and could result in further action against me (account lockdown, threats to sue, etc, etc)… So ignore the previous posts ladies and gents… The hatred [...]
Related StoresDecember 6th, 2007 — RtD from Jeff & Heather @ My Microfinance
Each P2P must stay above a -7% loss for the month (of total portfolio value). Once this level is hit on any of the end of month benchmarks, they lose, period.
The winner will be the one that brings in the best overall % return for 2008, not the highest $ as they are both starting [...]
December 6th, 2007 — Lending Club, Prosper, Update from Jeff & Heather @ My Microfinance
I cannot believe I’m about to announce this (Xanax on standby). Since both Prosper loans will be paid in full before the end of this month (oops, so sorry lenders, too bad, sooo sad) I have to announce the following challenge…
I will be keeping and cycling ALL loans and GL Reward money into new loans [...]
December 5th, 2007 — Kiva, Update from Jeff & Heather @ My Microfinance
We will be migrating out of Kiva.org per a very disturbing clause in their Terms of Use that we just now discovered (see article below for more info). Very disappointing for us and perhaps others more or less so. We had to make a decision based upon long term plans to keep our P2P lending [...]
Related StoresDecember 5th, 2007 — Kiva from Jeff & Heather @ My Microfinance
“In the event that the Borrower to whom your money was lent or you die before the end of the loan term, you and your estate hereby forgive all outstanding loans.”
You may want to chime in on this over at KivaFriends.org as it is giving us a new pause as well. So what is says [...]
Continue reading → Kiva Lenders… If you plan on dying, please read this!
December 4th, 2007 — Editorial, Friends, Update from Jeff & Heather @ My Microfinance
Brett over at PLP took the time to interview several P2P lenders (myself included)… Definitely bookmarking/reference material for all those looking to dip their toe (or dive head first!) into the P2P lending! Prosper and Lending Club are both highlighted here. I would love to see a follow up by someone on the merits of [...]
Related StoresDecember 2nd, 2007 — Lending Club, Update, money, p2p from Jeff & Heather @ My Microfinance
We are nearly one month into lending at Lending Club and have an update on our overall experience thus far. First, we want to thank Lending Club for featuring our notice that we were switching to the ‘orange team’. That was cool and helped get this blog out there for people. Secondly, we have noticed [...]
Related StoresNovember 29th, 2007 — Kiva from Jeff & Heather @ My Microfinance
I’m going to put my prediction for the final loan-tally at Kiva.org for 2007 up here… $17.3 million by the end of the year! Kiva.org has been absolutely HOT with its growth since around April 2007. If you haven’t checked out Kiva.org, do so! P2P at its finest on a global level! Low point of [...]
Related StoresNovember 29th, 2007 — News from Jeff & Heather @ The FANAFI Foundation
Okay, I’ve decided that the FANAFI Foundation blog is best served ‘closed’ as the newer blog, MyMicrofinance, covers all the same topics (maybe not as vividly as here, but I’ll change that in time). So hop over to the other blog!
I’m toying with the formats over here for possible transition and use within the MyMicrofinance [...]
November 29th, 2007 — Editorial, Update, Zopa from Jeff & Heather @ My Microfinance
Have you ever been promised something, then that day comes and you don’t get exactly what you were told you were getting (kind of like Christmas morning)? Well, that is how I feel about Zopa.com. I remember hearing and cheering this idea on back in the Fall of 2006… Hmmm, quick check of the calendar [...]
Related StoresNovember 29th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
Zopa.com is going live next week… That deafening silence is me clapping. Zopa is too little, too late to the P2P ballgame with it’s platform. It will work for some, but it’s definitely not an everyday, everybody system as you have to sign up to use it (per their press release) with one of their [...]
Related StoresContinue reading → Next week and the coming P2P over-saturation!
November 28th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
Well, as some of your already know and see happening, Prosper.com is starting to implode. It first started with a lack of a solid strategy with late loans, then it was in the anti-community forum moderations (banning of people, etc), then with the deceit in the fineprint of their web ads (the return quoted is [...]
Related StoresNovember 27th, 2007 — Microplace from Jeff & Heather @ My Microfinance
Recently MicroPlace.com presented at a Silicon Valley Microfinance Network meeting. They detailed the flow and business plan for MicroPlace.com and how it could be yet another viable platform for people wanting to rid the world of poverty.
Check out the slideshows here!
We are hoping to purchase more investments from MicroPlace.com in 2008, however, we haven’t integrated [...]
November 27th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
Please feel free to visit our other two sister blogs…
Lend Me Your Goat!
My Microfinance
This blog is currently evolving!
November 27th, 2007 — Review, Update from Jeff & Heather @ My Microfinance
The new Prosper forums are pathetic! Slow, dull, highly moderated, no democracy at all. Where are the older posts at? Prosper took one HUGE leap backwards today with the release of what can only be compared to the old Prodigy BBS systems from the 90’s. Completely wrong, wrong, wrong! Prosper has sealed the deal as [...]
Related StoresNovember 26th, 2007 — Update from Jeff & Heather @ My Microfinance
I had the honor of being interviewed by a fellow blogger (Brett) this evening… Q&A session below…
What do you know now that you wish you knew before you started P2P lending?
How to truly assess someone’s credit risk beyond the ‘numbers’. One thing I’ve learned is that someone who cannot type a decent explanation of why [...]
November 23rd, 2007 — Update from Jeff & Heather @ My Microfinance
Rob Garcia, the guru who makes a lot of the magic at Lending Club possible, responded to our concerns about Lenders being Borrowers and Borrowers being Lenders. This is of huge importance as I’ve mentioned before as several loans over at the ‘blue’ team have defaulted and left Lenders high and dry even though on [...]
Related StoresNovember 23rd, 2007 — Update, goals from Jeff & Heather @ My Microfinance
We initiated another transfer today from our checking account into Lending Club. This will bring our total invested to $1,000 by the middle of next week. Not too bad for our first month! We are on course for our goal of $1,500 by the end of the year. Savings should be fun and automatic. We [...]
Related StoresNovember 23rd, 2007 — Update from Jeff & Heather @ My Microfinance
Ok, is it just me or is the idea of going out to maxing out your credit cards and waiting in absurdly long lines today for that ’special gift’ seems like a recipe for disaster? This is our fourth year of boycotting Black Friday for the reasons of gluttony and lust for consumer products that [...]
Related StoresNovember 22nd, 2007 — Editorial from Jeff & Heather @ My Microfinance
Since the taste of turkey and yams and cranberry sauce and… Ok, I’m stopping because my stomach just rumbled. These things will soon fill our homes and stomaches with joy and fellowship with friends and family. For safe digestion, one must have a top ten list of ‘thanks’ for the year to share with others. Here [...]
Related StoresNovember 21st, 2007 — Editorial, Update from Jeff & Heather @ My Microfinance
Lending Club unveiled a pretty cool set of changes that are pointing in the right direction as far as progress…
“Multiple Accounts: You can now open several accounts and enjoy the following benefits:
Both a Borrower and a Lender Be: It is now possible to be both a lender and a borrower, either concurrently or consecutively.
Apply [...]
September 20th, 2007 — News from Jeff & Heather @ The FANAFI Foundation
Investing through Zecco these days. They have a great introductory offer for new investors… Check it out here!
Related StoresSeptember 15th, 2007 — News from Jeff & Heather @ The FANAFI Foundation
We don’t think we need to say more than this. Group is closed, lending funds are being pulled out… Nothing more to do or say with regards to Prosper.
Sincerely,
Jeff & Heather
September 7th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
With the imminent death of FANAFI as a group we have been left with the question of what to do with the foundation? We are hoping to see a renewed effort towards Kiva.org once interest is offered up to lenders (even modestly) and of course there is the coming of Zopa to the marketplace. Heather [...]
Related StoresAugust 24th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
Prosper has started another round of slaughtering, I mean, er, sale of defaulted loans today. So far we have five for our own portfolio. I would say good riddance to these pieces of crap borrowers, but they never called or email or nothing about their status so they can just go and @#$% themselves for [...]
Related StoresAugust 15th, 2007 — News, Update, Zopa from Jeff & Heather @ The FANAFI Foundation
Since Prosper.com won’t reply to anyone about anything a few possible scenarios come to mind… One, they are merging with Zopa.com. If you think about this, it makes perfect sense since Prosper has the infrastructure and Zopa has a superior business model. Another scenario, more grim, would be a merger with PayPal since Prosper’s history [...]
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