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Prosper’s Big Month: September Volume 4x Larger than 2010

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Yesterday, peer-to-peer lending service announced a four-fold, year-over-year increase in the number of loans it has funded. 
In addition, it provided data for September:
  • “Record September originations of $7.4 mil, up almost four-fold from $2.0 mil last year
  • 11% compounded monthly growth rate over the last 12 months
  • Currently, providing a 10.7% “seasoned return” to investors
  • Actual annualized loss rate of 5.5%, beating forecast loss rate of 7.1%
  • High credit-quality consumer loans: 737 average Experian Scorex PLUS credit score for first-time Prosper borrowers.”
To learn more about, watch its FinovateStartup 2009 demo.