Marketplace Lender Prosper Reports Relatively Stable Loan to Income Ratio for April 2021
May 27, 2021 @ 8:57 pm By Omar Faridi
Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared performance data from the
Prosper Portfolio for April 2021.
Prosper Performance Update – April 2021:
Highlights from the report include:
In April, “approximately 78% of originations were rated AA-B, the dollar amount of C-HR rated loan originations increased by 250bps month-over-month.”
The average loan size “was ~$13K and average borrower income was ~$107K in April, both decreasing by 2% month-over-month due to higher mix of C-HR rated loans.”
Our Performance Updates are aimed at ensuring our investors and other stakeholders receive regular, timely information regarding the performance of the Group. We will publish these reports on a quarterly basis and will produce them within six weeks of the relevant quarter end. These results are published in advance of the Statutory Accounts for the year ended 31 March 2021 which will be issued following the AGM in September. The information included is based on unaudited management accounts and other internal performance measures and is subject to concluding the routine annual accounting adjustments as well as any adjustments that arise as a result of the external audit process. The final year end figures which will be used in the Financial Statements will include adjustments for pensions, derivatives, tax and the fair value gain resulting from the Transfer of Engagements of Equity Housing Group to Great Places.