The team at Prosper has shared their performance data from the Prosper Portfolio for July 2022.
Highlights from the Prosper Performance Update – July 2022 are as follows:
- In July, approximately 59% of loan originations “were rated AA-B, increasing by approximately 1.6% month-over-month.”
- Average loan size in July “remained stable month-over-month.”
- The median monthly payment on Prosper loan to Income (PTI) ratio for July “remained stable month-over-month at 4.97%.”
- The weighted average borrower rate for July originations “increased 41 bps month-over-month to 14.45%.”
Portfolio insights and key charts may be accessed here.
As covered, the Prosper Performance Updates are “designed to help our investor community better understand performance trends and provide important insights into the trends [they] are seeing and the information needed to invest through the Prosper platform.”
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As covered earlier this year, Alto Solutions, Inc., the self-directed IRA platform making it easy and affordable for individuals to invest in alternative assets via tax-advantaged retirement funds, announced the company’s partnership with Prosper Marketplace, Inc., an online marketplace for consumer loans.
Users of the Alto IRA platform may use their IRA funds “to invest in loans originated through Prosper’s online marketplace lending platform.” Prosper connects people who want to borrow money with individuals and institutions that “want to invest in consumer credit, thereby facilitating access to credit for borrowers and offering attractive returns for investors.”
John Goldston, VP of Capital Markets at Prosper, stated (earlier this year):
“As a self-directed IRA provider, Alto has a strong reputation for its easy online account setup, transparent pricing, and excellent client service. We’re excited by this opportunity to integrate with Alto and join the firm’s growing list of leading investment partners.”
Since 2006, Prosper has facilitated over $20 billion in peer-to-peer loans to over 1,180,000 people across America. Fixed-rate, fixed-term loans “offer stable returns for investors with a tolerance for more risk than lower yielding credits.” Personal loans are just one more option for Alto users “to diversify their asset allocation and achieve the financial future they want.”