Prosper – Peer-to-peer lending network

Prosper is an online community where people come together to lend money to each other. As a member you can borrow money from other participants, or you can lend money to other participants by bidding on various Prosper loans. Either way, you win because you can borrower at a lower interest rate, and earn higher interest as a lender.

Here is my first impression of Prosper: My Foray into Prosper as a P2P Lender.

Please note that Prosper is currently not accepting new lender registrations or new commitments from existing lenders.

Tags: auction, investing, lending, loan, P2P, social

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