November 15th, 2008 — , Community, Lending Club, ROI, secondary market from Jeremy Frazao @ Prosper Lending, My Experience
A poster, onthefence, on Prospers.org pointed out that my first version of the APR calculator for notes purchased on Lendingclub’s secondary market failed to consider the increased value of a note which has a payment due in less than a month. So I made…
Related StoresContinue reading → Improved Calculator for LC Secondary Market Notes
November 13th, 2008 — , Lending Club, ROI, secondary market from Jeremy Frazao @ Prosper Lending, My Experience
I’ve written a calculator for finding the APR on loans purchased on Lendingclub’s secondary market. It was a pretty quick write, so there may still be some bugs. I tested it with several examples and it was accurate, even for some really extreme case…
Related StoresNovember 10th, 2008 — , Prosper Forums, Prosper.com, borrowing from Jeremy Frazao @ Prosper Lending, My Experience
I just thought I’d use this space to thank all my great Prosper borrowers. Some have hit bumps in the road, but they’ve all either paid off their loans or continue to be responsible and make their payments.Many lenders haven’t been so lucky. I particip…
Related StoresNovember 8th, 2008 — , Advice for New Lenders, Late Charts, Late Loan Charts, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
With Prosper in its “quiet period” these charts may not be as useful, but eventually Prosper will emerge so I’ll continue to update monthly. If you haven’t been following these Late Loan Chart updates, you can find a description of my methods here in p…
Related StoresNovember 6th, 2008 — from Jeremy Frazao @ Kiva.org
Kiva in Cambodia: The Comic Book.
Related StoresOctober 31st, 2008 — from Jeremy Frazao @ Kiva.org
Zack is a Kiva Staffer and Alum of the Kiva Fellows ProgramEver had the urge to see what you would look like with the facial hair of Abe Lincoln or maybe Santa Claus? Well, now you can… And at the same time you will be helping fund loans for Kiva.Add…
Related StoresOctober 30th, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
With Election Day right around the corner, most Americans have made up their minds on who they want to vote for. Behind all of the rhetoric and talking points, both the Obama and McCain campaigns have detailed plans and policies ranging from the struggling economy to the war in Iraq. But what…
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Related StoresContinue reading → Presidential Candidates on College Affordability
October 25th, 2008 — , Community, Lending Club, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
With Prosper in its quiet period, there hasn’t been much to blog about lately so I decided to check out Lending Club. I haven’t decided to actively lend there yet, but I am checking it out.Lending Club appears to have gone live in May of 2007 and enter…
Related StoresOctober 22nd, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
Several months ago, around the time that Bear Sterns was bought by JP Morgan, there were signs of a waning economy on a significant scale. Now, there are strong indications that this “credit crunch” has begun to shift from speculation to reality.
An article published today by Doug Lederman in…
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Related StoresOctober 21st, 2008 — , Community, Prosper Forums, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Today’s Prosper Blog post:Notice to our Community Members 10/21/08 posted by Prosper BlogDuring our quiet period, we are required to remove portions of the site, including your comments and exchanges.Thank you for your understanding and support.The off…
Related StoresOctober 21st, 2008 — from Jeremy Frazao @ Kiva.org
We’re doing some maintenance tonight, so Kiva will be unavaiable between 6 pm and 7 pm Pacifc Time. Thanks for your patience while we make our improvements!
Related StoresContinue reading → Kiva Down for Maintenance Tonight @ 6 pm Pacific
October 15th, 2008 — from Jeremy Frazao @ Kiva.org
Kiva could not have achieved 3rd place and won a $300K grant in the American Express Members Project competition without the help of a legion of dedicated supporters. We can’t thank you enough for distinguishing us out of a field of nearly 1,200 worth…
Related StoresOctober 15th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Almost 4 months after LendingClub entered their quiet period, Prosper has begun the process of registering its promissory notes as securities with the SEC–entering its own quiet period.New lenders can’t register and current lenders can’t make any loan…
Related StoresOctober 10th, 2008 — from Jeremy Frazao @ Kiva.org
On Wednesday night, the Kiva on-line community went off-line.Kivans everywhere logged out of their Kiva accounts, closed their browsers, even shut down their computers in some cases, and headed to local pubs to meet each other face-to-face and share so…
Related StoresOctober 10th, 2008 — , Community, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
That’s what the email from Prosper said and I do consider it good news. I realize that some lenders resent borrowers who prepay their loans, but I’ll never hold it against someone. I’ve never personally carried a loan to term–I’ve always paid them off…
Related StoresContinue reading → Good news! One of your Prosper loans has been paid in full!
October 6th, 2008 — , Late Loan Charts, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
It’s time once again for my updated late loan charts. For those who may not have followed these posts in the past, I’m hoping to establish the expected percentage of dollars loaned that one can expect to go late at each month of age. The data are from …
Related StoresOctober 4th, 2008 — , Advice for New Lenders, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Well, it finally happened. I had a portfolio plan set to bid on listings with little chance of funding in an effort to attract attention to this blog and my website, http://www.prosperlinks.bravehost.com/. I funded this plan with $50.03 on June 3rd of …
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October 1st, 2008 — from Jeremy Frazao @ Kiva.org
Kiva is turning 3 in October! To celebrate, Kiva is hosting happy hours in major cities on Wednesday, October 8th and we want you to attend.New York: The Volstead, 125 E 54rd St (between Lex and Third) starting at 6 p.m. Click here to view the Faceboo…
Related StoresOctober 1st, 2008 — , Off Topic from Jeremy Frazao @ Prosper Lending, My Experience
I’ve been a little busy the last few days so it’s been a while since my last post. In a couple of weeks I must present my master’s research project at a conference, so that’s been occupying most of my time lately. In addition, my students have done hor…
Related StoresSeptember 19th, 2008 — , lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Lendingstats.com has returned! Currently, data is up-to-date as of 9/19/2008. Eric’s is great, but it’s nice to have them both up and running again.
Related StoresSeptember 18th, 2008 — from Jeremy Frazao @ Kiva.org
By now you may have gotten an email from Matt with the great news — thanks to your nominations, Kiva has been voted into the Top 25 in the American Express Members Project online competition!
Chosen out of 1,190 projects, Kiva’s entry, Loans …
Related StoresContinue reading → Your click could mean $1.5 million for Kiva
September 15th, 2008 — , Community, Low Risk Loans, Prosper Forums, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Long-time Prosper lender, Mtnchick is an active participant on Prospers.org and now has an active listing. This listing fits my sub-portfolio described in my previous posts: Forum Lenders = Good Borrowers? and Forum Lenders = Good Borrowers? (Update). …
Related StoresSeptember 13th, 2008 — , Advice for New Lenders, Community, Low Risk Loans, Prosper Forums, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
I posed this question in July in this post. At the time, I promised updates as these loans age and as more loans are included in this sub-portfolio. Since then, I’ve made two more of these loans and the others all remain current with no late payments. …
Related StoresSeptember 11th, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
Fynanz this week has extended its state licenses this week by including Colorado, North Dakota, and South Carolina. The addition of these three states has increased the number of state licenses to 19 – meaning that if you a resident of any of these states, you are eligible to apply for a Fynanz…
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Related StoresSeptember 10th, 2008 — , Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
It’s no secret that Prosper loan originations have been steadily declining since they peaked in May. Eric’s chart shows a precipitous drop over the past 3 months.Last fall at the Aloha Meet & Greet in HI, Chris Larsen publicly stated that originati…
Related StoresSeptember 9th, 2008 — from Jeremy Frazao @ Kiva.org
Team number 301 — Don and Jims Family and Friends — is a cool lending team I think. This team was established so that supportive friends and family of Don and Jim could celebrate Don and Jims 25th year together, and now legal union, by making Kiva lo…
Related StoresSeptember 6th, 2008 — from Jeremy Frazao @ Kiva.org
This past week, I had the good fortune to meet with BAIK - a microfinance institution located in Bogor, Indonesia that is looking to partner with Kiva (Bogor is located about an hour South of Jakarta by train). BAIK is part of PERAMU, an umbrella organ…
Related StoresContinue reading → Photos from the Field in Bogor, Indonesia
September 4th, 2008 — , Late Loan Charts, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
For those who’ve only recently started reading, I’ve been doing my own late loan analysis and posting the results here.A short description of my methodology–I only include loans Non-Autofund loans originated since April 1, 2007 because all of these lo…
Related StoresSeptember 2nd, 2008 — , Community, Late loans, Prosper Forums, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Prosper has given an official response to the concerns, brought to light in fred93’s blog and the Motley Fool article, arising from it’s handling of the bankruptcy case on this loan.Prosper lender xraider originally discovered the complaint by the husb…
Related StoresSeptember 2nd, 2008 — from Jeremy Frazao @ Kiva.org
Thank you to all of our lenders out there who have created or joined a Lending Team over the past week and who are now enjoying the new feature! With over 400 teams having been created so far, we could not be more excited about our lender community and…
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September 2nd, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
Students excited to start their college experience are aware of the doors that a degree can open. However, after beginning their journey, students begin to drop out for various reasons. Some can’t afford it. Some have personal problems. And some just don’t like being in the educational realm…
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August 31st, 2008 — , Community, Late loans, Prosper Forums, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Avoid This Company Like the PlagueThat’s the headline of the article written by Chuck Saletta about Prosper. The article is primarily concerned with Prosper’s filing in a US Bankruptcy Court regarding this loan. In the filing, Prosper denies directly l…
Related StoresAugust 31st, 2008 — , Advice for New Lenders, Common Mistakes, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Late last month I reviewed the loans made in May that were already falling behind. One month later, I thought it would be a good time to check on their status.You can see the four late A loans I discussed last month in this post. There is some good new…
Related StoresAugust 30th, 2008 — , Advice for New Lenders, Community, Late loans, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Has Prosper turned the corner and realized that lenders are the key to it’s success? The official Prosper Blog, which for so long seemed dedicated to attracting only borrowers, has focused its last three posts on lenders’ concerns. But that’s not all.O…
Related StoresAugust 28th, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
When the economy experiences a serious downturn, most companies experience changes in the way their business operates. This also holds true for the nations colleges, universities, community colleges and trade schools Many people are opting out of the workplace to go back to school while many high…
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Related StoresAugust 27th, 2008 — , Advice for New Lenders, Portfolio Plans, Prosper.com, ROI from Jeremy Frazao @ Prosper Lending, My Experience
I’ve been pretty conservative from the start as you can probably tell by the average lender rate on my portfolio. So far, it’s paid off. A while back, I decided I’d try a portfolio plan to increase my ROI. (In a future post, I’ll examine this sub-po…
Related StoresContinue reading → I’ll stick with handpicking loans for a while
August 24th, 2008 — , Community, Low Risk Loans, Prosper Forums, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Right now, there are 3 long-time lenders and forum participants asking for loans. Two are large loans about to expire unfunded. I just found out about these two or would have bid. If they re-list, I will. Here they are.Ms. TabbyKats listing–$4,000 AHe…
Related StoresAugust 22nd, 2008 — , Late loans, Portfolio Plans, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
The lender on the loan who originally disclosed the less than 15 day late status today announced the loan cured and is once again current!With the screen name history restored and the loan current, I consider this issue resolved. Some may still wonder…
Related StoresAugust 21st, 2008 — , Advice for New Lenders, Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
The other day I posted about a Prosper ad for a disabled referral program here. It now appears Prosper has fixed the problem.Clicking on the ad does take you to the home page where you see nothing that mentions a referral or bonus. However, then clicki…
Related StoresAugust 20th, 2008 — , Community, Late loans, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Yesterday, I posted about Prosper’s deleting the screen name history of their CFO after it was revealed his loan was less than 15 days late.I’m glad I captured a screenshot to post, because they have now reversed themselves.http://www.prosper.com/group…
Related StoresContinue reading → Prosper CFO’s Screen Name History Restored
August 19th, 2008 — , Advice for New Lenders, Community, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
by Prosper management!Prosper’s CFO has a loan that is less than 15 days late, exposed by a lender on the loan in this thread on Prospers.org. Today, the lender let everyone know that daggers appeared on the loan.Though Bamalucky blogged about this yes…
Related StoresAugust 19th, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
After graduating high school, some students go with their parents to the bank to take out a loan for college. Some go to the bank by themselves, and better yet, some don’t need to worry about paying for tuition. But what happens when an 18 or 19-year-old walks into their bursar’s office and are…
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Related StoresAugust 18th, 2008 — , Advice for New Lenders, Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Not if you clicked on an ad like this lately…The referral program that offered this activation bonus was terminated on July 1, 2008 and replaced by the program described on Prosper here. The ad was placed on various sites and blogs to generate income…
Related StoresContinue reading → So You Think You’re Getting a Sign-Up Bonus?
August 17th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
I guess this qualifies as an official announcement. Posted in the comments to this post on the official Prosper Blog”Sadly, John has decided to leave the company to pursue other passions.John is an entrepreneur at heart and has started several successf…
Related StoresAugust 17th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
It appears this is no mistake. Now John Witchel’s LinkedIn profile has his time at Prosper ending August 2008 and described in the past tense.Still no word from Prosper. Nothing on their blog, nothing in their forums, and nothing found in a Google sear…
Related StoresAugust 16th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Are changes afoot at PMI? Prosper lender bamalucky broke this story yesterday on his blog. It appears John Witchel is no longer a member of the management team at Prosper when viewing Prosper’s Management and Investors page. His name was previously …
Related StoresAugust 16th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Are changes afoot at PMI? Prosper lender bamalucky broke this story yesterday on his blog. It appears John Witchel is no longer a member of the management team at Prosper when viewing Prosper’s Management and Investors page. His name was previously …
Related StoresAugust 15th, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
For many young adults, going away to school is the first time that they will have to think about how they spend all of their money. Many college students have never even balanced their checkbooks, but knowing how much you spend is the first step towards saving more money. An online company…
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Related StoresContinue reading → Learn How to Control Your Finances and Save
August 14th, 2008 — , Advice for New Lenders, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Now that I’m home from work, let’s take a closer look at the changes Prosper made last night.The first (and most obvious) is something some lenders have been clamoring for, sort of. By showing all 4+ month lates as charged off, lenders should be able t…
Related StoresAugust 14th, 2008 — , Late loans, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
The Performance Page on Prosper no longer shows “Defaults.” Now, as you can see from the screen shot below, the category has been replaced with “Charge-offs” and “Net Charge-offs” in the “Performance Data” table.New Performance Data Table on Performanc…
Related StoresAugust 13th, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
Doug Lederman of Inside Higher Ed wrote an article yesterday entitled Credit Crunch or Echo Chamber? questioning whether or not there will be any difficulty for students paying for college this fall. Time and time again, he points out, we have heard that there is a major problem and we had better…
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Related StoresAugust 12th, 2008 — , Advice for New Lenders, Portfolio Plans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Trusting Portfolio Plans to do your bidding may minimize the time you invest, but they can’t see the danger in listings like this: Trying to start my Life in Los Angeles.If the title isn’t enough to scare you away from this listing, take a look at the …
Related StoresAugust 8th, 2008 — from Jeremy Frazao @ Fynanz OpenBlog
Wachovia is the latest student lender that has announced it will no longer be issuing private student loans. This comes a few weeks after the company reported that had lost $8.9 billion dollars in the second quarter. Previously, Wachovia’s subsidiary, Wachovia Education Finance, had been the…
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Related StoresContinue reading → Wachovia Drops Private Student Loan Program
August 7th, 2008 — , Late Charts, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
This post is the monthly update on my Late Charts. Last month the charts seemed to show that lenders may be doing a better job choosing loans. Each month newer loans will be added to each month of loan age and averaged in with the previous loans. If th…
Related StoresAugust 5th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Some have speculated that Prosper may have reached it’s peak, and the platform cannot be sustained at current levels of funding. This is being discussed on Prospers.org in this thread. Personally, with traditional lenders tightening standards and tradi…
Related StoresAugust 4th, 2008 — , Advice for New Lenders, Common Mistakes, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
How many times have you heard the cry, “Why is this an (insert low credit grade here)?” I’ve seen it posted on the forums from borrowers and lenders many times. Many times the conclusion drawn is that Scorex sucks and is terribly flawed. Don’t be to…
Related StoresAugust 4th, 2008 — from Jeremy Frazao @ Kiva.org
I recently had the good fortune to attend the 2008 Asia Pacific Regional Microcredit Summit (APRMS) on behalf of Kiva. Besides having the opportunity to share the Kiva story with other industry professionals and to meet with potential MFI partners…
Related StoresContinue reading → Notes from the 2008 Asia Pacific Regional Microcredit Summit
August 2nd, 2008 — , Advice for New Lenders, Common Mistakes, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
This will be the final post in this series as we take a look at the D loans originating in May that are already late.Loan #1: 1 Month Late $1,000 D @ 29.11%http://www.prosper.com/lend/listing.aspx?listingID=334932The title tells me to stay away, move o…
Related StoresAugust 2nd, 2008 — , Advice for New Lenders, Common Mistakes, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Today, we’ll examine the 6 C’s that originated in May and are already late.Loan #1: Late $5,000 C @ 35% AFhttp://www.prosper.com/lend/listing.aspx?listingID=324710Autofund has been shown to drastically increase the rate of default. Why anyone still b…
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