Prosper Marketplace

Prosper Marketplace is an online platform that connects individuals seeking loans with investors willing to fund them. It operates as a peer-to-peer lending marketplace, allowing borrowers to access personal loans directly from individual investors, often at competitive interest rates. Investors can choose which loans to fund, diversifying their investment portfolio, while borrowers benefit from potentially lower borrowing costs and quicker access compared to traditional banks. Prosper uses credit information to assess risk and facilitate transparent lending, creating a marketplace that facilitates borrowing and investing outside of conventional financial institutions.