Prosper income

 

Time For Prosper To Drop The Bank Draft Fee?

Update: Darn it Prosper. Obsoleting my post less than 24 hours after I finished writing it. I’ll keep it around for posterity.

A while back, I noted that almost all portfolio-worthy loans are funding and this is driving Prosper’s loan creation engine….

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What A Difference A Month Makes

February was not Prosper’s best month, with hitting a low for loan dollars originated. This shortfall was easily anticipated by the lower number of active listings (~1700) Prosper had during mid February. A fair amount of favorable press and Prosper Da…

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So Why The Weak February Loan Numbers?

After a strong showing in January, Prosper’s monthly loan totals have dropped to about $5.7 million. With this disappointing return, I started digging through the loan activity to find some likely culprits. I think Prosper is having problems delivering…

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Prosper’s November Income

This is part of my continual effort to calculate Prosper’s corporate income. The criteria have been adjusted to account for the varying lender service fee that Prosper has charged over time. If you may recall, at one point Prosper charged 0.5% to servi…

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Prosper’s October Income

Following up on last month’s post documenting how Prosper makes money, I plan to keep looking at their monthly income monthly to see how they’re progressing as a business. This will be the last time I can use my simplified method for accounting for se…

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Prosper’s September Revenue

Following up on last month’s post documenting how Prosper makes money, I plan to keep looking at their monthly income monthly to see how they’re progressing as a business. Into this month’s totals. First, origination income:
Credit Grade
Loans Originat…

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How Prosper Gets Paid

In addition to all the intricacies of being a lending on Prosper, I also think it’s helpful to understand how Prosper makes it’s money. After all, Prosper requires cash to pay it’s employees and stay in business, and it’s in the lender’s best interest …

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