This one falls under the category of recently discovered. The second largest peer to peer lending platform in the United States Prosper had a pretty spectacular year according to their published info. Boosted in part from growing institutional demand, Prosper experienced some pretty spectacular growth including:
- 346% increase in total borrowers from 33,900 to 123,000
- A health boost in lending as this number climbed from $357 million to $1.57 billion
- Average size of loan: $12,976
- Average interest rate: 14.19%
- Debt consolidation is still topping the list of reasons for getting a loan on Prosper
- Prosper claims 1/3 of the consumer credit marketplace today
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