So, as you can tell, the page as a new title and theme… This is now My Prosper Club! I’m back on board with Prosper.com since I have no place to lend that offers individual listings and good returns on investment (Zopa.com has fallen down with interest rates). This morning I pushed over $500 over [...]
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2005 Polaris 900 Fusion ALL UPDATES NEW NO RESERVE |
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A little formal protest never hurt!
April 10th, 2008 — , News, Thoughts, Update, lendingclub.com smells like daisies, loans, prosper.com is the shizzle from Jeff
Lazy Man & Money comment…
April 10th, 2008 — , News, Prosper.com, Update, comment, future, lendingclub is dead, long live lendingclub from Jeff
This morning I left a comment concerning the ‘death’ of LendingClub.com… I can’t help but feel violated and lacking of trust that LendingClub will come back in the same way once the SEC filings, etc are completed. The lack of news or even confidence that any funds inside the system will remain there is very [...]
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April 9th, 2008 — , LC Upgrades, News, Update, lendingclub is alive and well, the hiatus is necessary from Jeff
I just got off the phone with my buddy Rob at LendingClub.com and we had a private chat about LendingClub’s rather sudden closure to new lenders and lending in general. All I can say is I feel better about this whole situation after the conversation and secondly, I feel LendingClub will be a much better [...]
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April 8th, 2008 — , LC Upgrades, News, Prosper.com, Thoughts, Update, lendingclub.com gets me a little upset, quiet time, thank you lenders, zopa.com from Jeff
So I’ve had half of the day to think about my response to LendingClub.com’s rather abrupt move to go into a ‘quiet time’ mode without any advance warning. Some thoughts and obvious concerns… First, completely blind-sided by this event and I’m sure others felt a stomach ache forming from the news that they won’t be [...]
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April 8th, 2008 — , LC Upgrades, News, Update, hiatus, lending, what happened?, wtf from Jeff
I’m still trying to make sense of this notice and the overwhelming surprise that comes from it… Any other lenders out there have comments or status reports I’ve yet to see as a followup on this? Borrowers are unaffected however… Supply/demand at it’s finest or is this just to do a little crowd control?
Email from [...]
Listing Update!
April 2nd, 2008 — , News, Update, competition for business, help, lendingclub.com, loan listing, tax bill from Jeff
Today has been one of those days you wish wouldn’t come around again for a longggg time. Today, LendingClub.com, by accident (?, I really don’t want to know as it may taint my opinion), removed my wife’s listing, which put us in a bit of a pickle with timing on the tax payment, which is, [...]
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April 1st, 2008 — , LC Upgrades, Update, comments, improvements, minuses, pluses, recommendations, show the love, site upgrades from Jeff
By a show of comments (lurkers, comment already)…
What features, improvements or changes would you make to LendingClub.com based upon your experience of the site thus far? What features do you like? Dislikes? What would you modify completely or leave alone? I have a conference call with Rob Garcia on Friday and wanted to gather up [...]
A listing worth looking at…
March 31st, 2008 — , Update, loans from Jeff
My wife, Heather, has posted a listing to help us take care of our 2007 tax bill (close to $3,000) thanks to some investment income and un-taxed personal income from last year. We had attempted to get another listing through Prosper.com, however, they were being difficult with bank account verification… Verification on an account they’ve [...]
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March 26th, 2008 — , Update, lendingclub.com, loan performance, service, status from Jeff
It is hard to believe it’s been over four months since I joined Lending Club! We now have 168 loans totaling $4,070.57, earning 12.28% or a monthly repayment rate of $139.23. The interesting thing of note from the time we’ve been with Lending Club is that we have 168 and only two loans are late [...]
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February 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 [...]
Snapshot (February 10th, 2008)
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 [...]
Prosper +2 Years
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 [...]
Strange coincidence?
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!
Prosper Update
February 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 StoresZopa CD Rates to DROP again, however…
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 [...]
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January 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 [...]
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January 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 [...]
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January 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… [...]
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January 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 [...]
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Continue reading → And now for something completely different…
Tax Rebates and more!
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 [...]
Tax Rebates and more!
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 [...]
Lending Club Strikes Back!
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 [...]
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January 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… [...]
Update on the Thank You Program
January 17th, 2008 — Announcements, Lending Club, News, Update, bonus, growing, growth, incorporates, program, reach, special from Patrick Gannon @ Better Rates. Together.
With 18 days to go until we reach the end of our 5% Cash Bonus program, we want to update everyone on our progress:
• Our growth has been fantastic! We have reached $6MM in issued loans, and have over $3MM of loans in funding today, so our loan volume is growing extremely well
• Our [...]
Dr. LendingClub, Mr. Prosper…
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 [...]
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January 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!
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January 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 [...]
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January 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 [...]
Loan repayments are coming to town!
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 [...]
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December 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!
Mom visits and loan repayments…
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 [...]
Ode to a loan… Flipping the bird at Prosper!
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!
Blogging comes to Tokyo… Joe!
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 [...]
Lending Club Update #2
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 [...]
Positive Portfolio Shifts
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 [...]
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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 [...]
Migration
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 [...]
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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 [...]
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December 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 StoresZzzzz… Zopa.com
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 StoresNext week and the coming P2P over-saturation!
November 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!
It’s going to be great…
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 [...]
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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!
So sad…
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 [...]
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November 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 [...]
Update from the ‘LC’
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 [...]
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November 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 $1,500 by the end of the year. Savings should be fun and automatic. We [...]
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November 23rd, 2007 — Update from Jeff & Heather @ My Microfinance
Ok, is it just me or is the idea of going out to maxing out your credit cards and waiting in absurdly long lines today for that ’special gift’ seems like a recipe for disaster? This is our fourth year of boycotting Black Friday for the reasons of gluttony and lust for consumer products that [...]
Related StoresLending Club Upgrade
November 21st, 2007 — Editorial, Update from Jeff & Heather @ My Microfinance
Lending Club unveiled a pretty cool set of changes that are pointing in the right direction as far as progress…
“Multiple Accounts: You can now open several accounts and enjoy the following benefits:
Both a Borrower and a Lender Be: It is now possible to be both a lender and a borrower, either concurrently or consecutively.
Apply [...]
Where to now?
September 7th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
With the imminent death of FANAFI as a group we have been left with the question of what to do with the foundation? We are hoping to see a renewed effort towards Kiva.org once interest is offered up to lenders (even modestly) and of course there is the coming of Zopa to the marketplace. Heather [...]
Related StoresAnother round of slaughtering has begun…
August 24th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
Prosper has started another round of slaughtering, I mean, er, sale of defaulted loans today. So far we have five for our own portfolio. I would say good riddance to these pieces of crap borrowers, but they never called or email or nothing about their status so they can just go and @#$% themselves for [...]
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August 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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August 13th, 2007 — News, Update from Jeff & Heather @ The FANAFI Foundation
We are with leporello and mntchick on this one. Prosper has to either close it’s doors or face the facts with lenders pronto! Our money is done at Prosper.com in the meantime. Wise up Prosper or everyone WILL abandon you! We were your biggest fans, you screwed with us, then killed our group through crappy [...]
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July 30th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
Recently I closed DesertTrikkes.com as sales as died thanks to administrative changes from up top with discounts, etc. I wanted to update the lenders who were involved in this loan that it is going to be repaid back as originally planned in the Fall of this year. Even though the money coming in from it [...]
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July 26th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
Heather and I are pulling some money out of Prosper. This is a temporary situation however, so we will be back to lend again in a few months. Outside of the ‘need’ for the funds for other things (mainly a medical bill that wasn’t anticipated), there is a sense of anxiety with credit and debt [...]
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July 16th, 2007 — Update from Jeff & Heather @ The FANAFI Foundation
Here are some of the loans we picked up since returning to lending back in late June. That’s twelve new loans in less than a month’s time. We could see up to four to five more loans before the end of the month ($50 min. bid). Again, if you are a GL, are placing a [...]
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