Haiyan Huang from marketplace lender Prosper has shared performance data from the Prosper Portfolio for November 2021.
Here are the key highlights (shared by Prosper) from the report.
Performance Update
- In November 2021, around 62% of loan originations “were rated AA-B.”
- Average loan size “decreased by approximately 1.8% month-over-month due to 200bps higher C-HR mix.”
- The median monthly payment on Prosper loan to Income (PTI) ratio for November 2021 “remained relatively flat month-over-month at 5.13%.”
- The weighted average borrower rate for November 2021 originations “remained stable month-over-month.”
Portfolio insights and related charts may be accessed here.
Prosper Performance Update – November 2021
The Prosper Performance Updates are intended to assist the platform’s investor community with better understanding important performance trends and are meant to offer key insights into the trends they are seeing and the information required to invest via the Prosper platform.
Below are the highlights shared by Prosper for the month of October 2021.
- In October 2021, about 63% of loan originations “were rated AA-B.”
- Average loan size “increased by approximately 1.7% month-over- month.”
- The median monthly payment on Prosper loan to Income (PTI) ratio for October 2021 “remained relatively flat month-over-month at 5.21%.”
- The weighted average borrower rate for October 2021 originations “remained stable month-over-month.”
As covered, Prosper is a marketplace lending company that connects borrowers and investors with over $17B in loans issued via its platform.
As noted by the firm’s management:
“Prosper’s mission is to advance financial wellbeing. The company’s online lending platform connects people who want to borrow money with individuals and institutions that want to invest in consumer credit. Borrowers get access to affordable fixed-rate, fixed-term personal loans. Investors have the opportunity to earn solid returns via a data-driven underwriting model.”
To date, more than $17 billion in personal loans have been “originated through the Prosper platform for debt consolidation and large purchases such as home improvement projects, medical expenses and special occasions.”