Farm Investment

| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 16% |
| Lender Rate: | 18% | Borrower: | eloop |
| Finished | State: | MS | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-10 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Jul 10, 2008 | Current |
|
Purpose of loan: This will be my second prosper loan. Once again, I will use these funds for continued management and improvement of a small farm. My financial situation: I have a wonderful career. I make a good living and do not over extend myself financially. I work in the financial industry and understand the importance of keeping payments currrent. I also have 36 prosper loans in my prosper portfolio. I am big believer in social lending. I paid my first prosper loan in a timely manner, and due to some other investments I was able to pay off my first loan early. This loan is a safe investment as I have enough funds in the stock market to cover the amount of this loan. I choose not to touch my funds in the market as they will hopefully earn a return equal to or greater than the interest I will pay on this loan. Monthly net income: $9,000 Monthly expenses: $ Housing: $ 1300 Insurance: $ 140 Car expenses: $ 350 Utilities: $ 200 Phone, cable, internet: $ 120 Food, entertainment: $ Clothing, household expenses $ Credit cards and other loans: $ 400 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 212112 | Farm Investment | B | $4,000 @ 13% | Oct 07, 2007 | Loan created |
| 352353 | Farm Investment | B | $20,000 @ 17% | Jun 17, 2008 | Withdrawn |
| 355362 | Farm Investment | B | $10,000 @ 18% | Jun 22, 2008 | Withdrawn |
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