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Lending Club Surpasses $250 Million in Peer-To-Peer Loans

May 7th, 2011 - 1 comment - Filed Under - by
Lending Club announced last week in a press release on its website that it had facilitated a total of $250 million between borrowers and lenders on its peer-to-peer lending marketplace. The company has seen significant loan volume growth during the last year. During the month of April, Lending Club originated 1,556 peer-to-peer loans totaling $17.5 [...]

$22.5 Million in Loans Facilitated by U.S. Peer to Peer Lending Companies in April

May 1st, 2011 - 0 comments - Filed Under - by
The two largest U.S. peer to peer lending companies, Lending Club and Prosper, facilitated $22.5 million in loans during the month of April, marking a record month for the peer to peer lending industry. Lending Club lead the way by issuing 1,563 loans during the month, totaling $17,520,000. Prosper issued just over $5 million in [...]

$104.00 Prosper Bonus Offer Lasts 53 Minutes

April 29th, 2011 - 1 comment - Filed Under - by
Prosper.com, a San Francisco-based peer-to-peer lending company, offered a $104 bonus to the first two hundred new lenders that registered on its website after 12:00 PM PDT on Wednesday. The company had 200 new lenders register within the first fifty-three minutes of the offer, ending the promotion less than an hour after it began. The [...]

Peer-To-Peer Lending Popularity Increasing Dramatically

April 26th, 2011 - 0 comments - Filed Under - by
One of the most popular innovations arising from the increased usage of the internet within all aspects of daily life is the financial innovation of peer-to-peer lending.  Recognizing a unique business opportunity, peer-to-peer lending brings together anonymous lenders and borrowers electronically in a double-blind loan auction using high tech Web 2.0 technology.  This allows popular [...]

Prosper.com Issues Press Release Regarding Q1 Growth

April 20th, 2011 - 0 comments - Filed Under - by
Prosper.com issued a press release today regarding the growth in new loans  that P2P Lending News had previously reported on. The company said that it now has more than $225 million in loans funded and saw a 38% increase in loan originations for the first quarter on a year over year basis. Here’s the official [...]

Prosper.com Sees New Growth, Loan Originations Up 125%

April 19th, 2011 - 2 comments - Filed Under - by
Prosper.com, a California-based peer to peer lending company, has seen a 125% increase in the dollar value of loans that the company has setup during the last six months. During the month of March, Prosper setup $4,513,931 in loans between borrowers and lenders on its website. Comparatively, Prosper.com setup a mere $2,007,958 in loans during [...]

Kiva Reaches $200 Million in Microfinance Loans

April 5th, 2011 - 0 comments - Filed Under - by
Kiva.org, a non-profit which facilitates microfinance loans to entrepreneurs in developing countries, announced that it had setup more than $200 million in loans to entrepreneurs across the globe. The milestone comes just twelve months after the non-profit hit the $100 million mark in facilitated loans. The microfinance non-profit has seen significant growth since its launch [...]
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