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Prosper Updates People-to-People Lending Market Survey

Tags » p2p - Person to Person Lending, Prosper » Comments (0)

Prosper.com has updated its People-to-People Lending Market Survey to reflect results through the end of September. In September, $5.4 million in loans were funded at an average loan size of $7,175. Over average over the month, 2,298 borrowers were looking for loans. A market commentary by CEO Chris Larson addressed the question of whether the Prosper lending marketplace anticipated the Fed's recent 50 basis point cut in interest rates.

Posted: Oct 9, 2007 08:47 AM Pacific | Permalink | |

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