Prospering without the NASDAQ


	Prospering without the NASDAQ

communicatrix

2-22-2007 12:40 PM

581 views

tags:

investing, social networking, prosper, loans

communicatrix says:

Excellent writeup of Prosper, one of the new sites that matches small lenders with small borrowers. I like the idea behind Prosper but don't have the pioneer mentality, so I was grateful for this look at how Prosper works.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5425f19e-7f43-4cca-9b56-a8ee98b8cd8a/C7D6103B-DF23-4F16-8595-8E74B469321F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.getrichslowly.org/blog/2007/02/22/prosper-investing-on-your-terms/" href="http://www.getrichslowly.org/blog/2007/02/22/prosper-investing-on-your-terms/" style="font-size: 11px;">www.getrichslowly.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.getrichslowly.org/blog/2007/02/22/prosper-investing-on-your-terms/"><P>Last December I discovered <A href="http://www.prosper.com">Prosper</A>, a site that connects private lenders and borrowers, and manages the resulting loans.  <B>Because I’m not a fan of the stock market, this looked like a perfect opportunity to invest on my terms</B>, to help individuals with faces and stories, rather than contribute to the bottom-line culture.  I decided to start the new year by testing Prosper with a set amount of funds to see how it performed.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.getrichslowly.org/blog/2007/02/22/prosper-investing-on-your-terms/"><P>Borrowers sign up on Prosper, then post a request for a loan and the maximum amount they’re willing to pay in interest.  Lenders then bid to fund all or part of that loan, at an interest rate of their choosing.  You win a bid by coming in at a lower interest rate than your competitors.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C7D6103B-DF23-4F16-8595-8E74B469321F/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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