What is Prosper?

Prosper, America's largest people-to-people lending marketplace, connects people who need to borrow money with people who have money to lend.

Connecting people-to-people eliminates the need for borrowers to go through a bank for a loan—and fewer middlemen means lenders also benefit.

How does it work?

1. Borrowers create a loan listing and set the interest rate they are willing to pay.
2. As a lender, you can view important details about the borrower's credit history and set the rate of return you wish to receive.
3. You can handpick the loans you want to bid on, or use portfolio plans to automate the process. By making small bids as low as $50 per loan, you diversify and lower risk.
4. Watch your cash balance grow each month as borrowers pay back their loan.