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Posted on Thu, 01/26/2012 - 10:40 PM by
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We are proud to announce to our investors that, as part of our commitment to transparency and reliability, Prosper’s performance results have been audited by Ashland Partners LLP, an independent auditor that specializes in GIPS verification and consultation. The report confirmed Prosper’s 10.69%* annualized seasoned rate of return, net of fees, for the period of July 1, 2009 through September 30, 2011. This is the first time an accredited, independent organization has conducted a comprehensive audit of peer-to-peer lending returns. Read more about the audit conducted by Ashland in today’s press release, and in the full copy of the Independent Accountant’s Report on Prosper’s Performance Record. *Seasoned Return calculations represent historical performance data for the Borrower Payment Dependent Notes (“Notes”) issued and sold by Prosper since July 15, 2009. To be included in the calculations, Notes must be associated with a borrower loan originated more than 10 months ago; this calculation uses loans originated through November 30, 2010. Our research shows that Prosper Note returns historically have shown increased stability after they’ve reached ten months of age. For that reason, we provide “Seasoned Returns,” defined as the Return for Notes aged 10 months or more. To calculate the Return, all payments received on borrower loans, net of principal repayment, credit losses, and servicing costs for such loans, are aggregated and then divided by the average daily amount of aggregate outstanding principal. To annualize this cumulative return, it is divided by the dollar-weighted average age of the loans in days and then multiplied by 365. All calculations were made as of September 30, 2011. Seasoned Return is not necessarily indicative of the future performance on any Notes. MORE NEWS FROM PROSPER LOANSSmall Business Spotlight: Precious & FewEntrepreneurs everywhere are turning to Prosper.com to start or expand their small businesses. Online retailers in particular are growing rapidly - and they are increasingly finding financial solutions to their challenges with Prosper.com. Mac or PC? Learn how one borrower made the call with Prosper.comOne of the great things about a Prosper Loan is that you can use it in a variety of ways.*Jay Julian is a great example of this. He used his first loan to upgrade his PC and purchase an iPad - and then he came back for a second loan to complete the switch to Mac. Small Business Spotlight: Prosper.com and Boutique LarrieuxIn today’s economy it can be tough to get a traditional bank loan. Entrepreneurs like Lydia Hamilton-Monnie are turning to Prosper.com to start a business. Lydia posted her listing after being turned down by three banks - and then received more than 750 bids from Prosper investors to help get ... Saving for Retirement? Boost Your Returns with a Prosper IRAApril 17 is just around the corner! Have you maximized your tax advantages with an Individual Retirement Account this year? Celebrate! We’re Turning 6. Your 2nd Loan Payment Is On Us!We’re turning 6! List a loan on our special day and we’ll make your second payment for you. RELATED SMALL BUSINESS NEWSDon’t push when you can pullNo selling required There is a better way of winning new customers than pushing you and your B2B offer at them. Customers love it because they’re buying rather than being sold to. You’ll like it because it feels better than selling and you’ll get more long term business from it. U... You’re the Boss Blog: White House Opposes Small-Business Contracting Provision in Defense BillIn a statement, the administration called higher goals for small-business contracting "laudable but overly ambitious." ... How the 'Little Guy' Can Partner With Big CompaniesIf you're a little guy, there are plenty of ways to partner with a much larger company. Here are seven. ... "Scott Thompson Was A Terrible CEO" And Other Snippets From Fred WilsonAs always, Fred Wilson had a lot of insights share this morning at TechCrunch's Disrupt conference in New York. Here are some of the highlights from his talk with the always barbed Mike Arrington:... SRDC Is Offering Loans Through RLFSouthwest Regional Development Commission (SRDC) is offering loans through revolving loan fund (RLF). Its purpose is to have a direct financing tool making loan funds available so as to assist in retail, manufacturing, and distribution businesses. |
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