Prosper is the first peer-to-peer lending marketplace in the United States that connects people who want to invest with people who want to borrow. Its online platform makes lending and borrowing easier, less expensive, and socially rewarding.
Prosper borrowers list loan requests that range from $2,000 to $35,000. They may use the unsecured personal loans for a variety of purposes including paying down high interest rate debt and helping with small business funding.
Retail investors, family offices, and institutional investors can invest as little as $25 in each loan listing they select. Institutional investors can also elect to purchase whole loans. Prosper benefits investors by providing direct access to the attractive returns on short-term consumer loans that historically were only available to banks and other traditional direct-to-consumer finance companies.