Marketplace Lender Prosper Shares Latest Performance Update for December 2021

Haiyan Huang from marketplace lender Prosper has shared the platform’s latest performance data from the Prosper Portfolio for December 2021.

In an update from Prosper, dated January 15, 2021, the firm has shared key highlights from the report as follows:

Performance Update

  • In December 2021, “approximately 60% of loan originations were rated AA-B.”
  • Average loan size “remained relatively flat month-over-month.”
  • The median monthly payment on Prosper loan to Income (PTI) ratio for December “remained relatively flat month-over-month at 5.25%.”
  • The weighted average borrower rate for December originations “remained stable month-over-month.”

Portfolio insights and key charts, prepared by Prosper, may be accessed here.

As explained by the firm, the Prosper Performance Updates are meant to help their investor community “better understand performance trends and to provide important insights into the trends [they] are seeing and the information needed to invest through the Prosper platform.”

If you are interested in adding your name to the monthly performance update list, please contact [email protected]

For additional information about Prosper for investors, check here.

Below are the highlights shared by Prosper for the month of November:

  • 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.”

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.”

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