Purpose of loan: I intend to use the funds from this loan to make new loans to borrowers on Prosper. My Prosper lending portfolio currently yields nearly 23%, and I intend to leverage my good credit to borrow money at a relatively low rate, and then lend it out at a relatively high rate. While I could use my own money for this, I prefer to borrow and lend using funds generated completely within Prosper.
My financial situation: I am a good candidate for this loan because I have over $1 million in liquid assets and income of over $15,000 per month. I will have no difficulty repaying this loan, whether from monthly income or from invested assets.
Note: if you visit my Prosper member profile at http://www.prosper.com/account/common/image_view.aspx?subject_type=0&object_id=141634&image_id=1171713, you can see my brokerage statement showing liquid assets of $1,060,000. |
