Prosper.com Loan Volume Up 65%

Prosper Releases October Stats; Unveils Affiliate Program

SAN FRANCISCO--(EON: Enhanced Online News)--Prosper, the world’s largest peer-to-peer lending (P2P lending) marketplace based on a newly released independent report from Deutsche Bank, today announced October 2009 performance statistics.

“Loan volume was up 65% over September, and the average credit score of funded borrowers was 715 in October.”

“We’re steadily ramping loan volume back up, and continue to be pleased with the number of high credit quality borrowers turning to Prosper,” said Chris Larsen, Chief Executive Officer and Co-founder of Prosper. “Loan volume was up 65% over September, and the average credit score of funded borrowers was 715 in October.”

Prosper also formally announced its new affiliate program, which enables bloggers and websites to generate advertising revenue for funded Prosper personal loan borrowers and registered lenders referred from their sites.

The process for prospective Prosper affiliates is simple and quick. Once their Prosper affiliate program application is submitted, an approval decision is provided within 24 hours. Approved affiliates can select from an extensive library of creative ads and landing pages to add to their sites. Advertising fees for affiliates range from $75 to $100 per funded borrower and $45 to $55 per registered lender depending on the volume of referrals.

Prosper Statistics October 2009

Prosper Rating	Borrower Rate	Lender Yield	Estimated Loss Rate	Estimated Return	Average Loan Amount	Loan Volume	% of Funded Loans
AA	10.47%	9.47%	1.35%	8.12%	$6,766	$493,900	20%
A	11.71%	10.71%	2.10%	8.61%	$4,913	$496,256	30%
B	15.71%	14.71%	5.00%	9.71%	$5,521	$126,987	10%
C	21.58%	20.58%	7.12%	13.45%	$4,590	$426,862	15%
D	26.35%	25.35%	10.00%	15.35%	$3,536	$268,699	16%
E	33.16%	32.16%	14.53%	17.63%	$1,987	$103,310	4%
HR	30.19%	29.19%	22.49%	6.71%	$2,393	$95,709	6%
All Funded Loans	17.69%	16.69%	5.83%	10.86%	$4,392	$2,011,723	100%

Purpose of Prosper P2P Lending Personal Loans

	Funded Loans
Debt Consolidation	54%
Business Use	15%
Home Improvement	10%
Education	2%
Auto / Vehicle	4%
Other Use	14%

To learn more about Prosper, visit www.prosper.com.

Notes offered by Prospectus.

Definitions

Borrower Rate: The interest rate borrowers pay on their Prosper personal loan.

Lender Yield: Yield percentage is the lender's effective yield net of servicing fees, based on the borrower's interest rate. The funding forecast graph (found on every P2P loan listing) will let you know the likelihood that a loan will be fully funded.

Estimated Loss Rate: Estimated average annualized loss rate is based on the historical performance of a portfolio of similar Prosper loans.

Estimated Returns: Lender yield minus estimated loss rate. This does not factor in late fees or uncollected accrued interest on defaulted loans. Actual performance may differ from estimated performance.

Funded Loans: Borrowers who post listings in the Prosper marketplace are asked how they intend to use their peer-to-peer lending personal loan. The following reflects borrowers’ statements of intended use of loan proceeds and is the percentage of total dollars funded for the month. Prosper does not verify or confirm after funding how loan proceeds are used.