US

Prosper raises fees

wiseclerk

Effective today Prosper.com has raised the closing fees for borrowers:

…The rationale behind this increase is to enable us to better cover our administrative costs and bring our fees more in line with the market. We have endeavored to continue to keep the fees very straightforward for our borrowers.

The origination fee schedule for borrowers of first and second loans will be as follows:

AA 1.00% (no change)
A 2.00%
B 2.00%
C 3.00%
D 3.00%
E 3.00%
HR 3.00%

…

Origination fees paid by existing borrowers and for listings that have already been created will not be impacted.

 

 

New Globefunder homepage

wiseclerk

Today I noticed that Globefunder.com has a new homepage. While still pre-launch, it lists 28 states with licenses and limits, explains GlobeFunder's internal Globe Ratings (minimum required credit score is 640).

The fees page only lists fees payed by borrowers, with the main loan closing fee at 1.75 percent or $50 (whichever is greater).

While Globefunder is not open for registration yet, the new Wiseclerk's Globefunder forum is open for your discussion.
Read earlier articles on the Globefunder p2p lending service.

Half percent more interest at Lendingclub

wiseclerk

Today for all new loans the interest rates at Lendingclub.com increase by 0.5 percent. At Lendingclub, unlike other p2p lending sites, the platform not the borrower sets the interest rate (based on credit grade). The increase was in reaction to rising borrower demand after Lendingclub eliminated state loan rate caps last week by going nationwide.

As a lender you can profit furthermore from two current promotions at Lendingclub. You get a 5% cash bonus if you lend 5,000 US$ or more by Feb. 3, 2008 (max. 20,000 per lender). Plus you get a 25 US$ signup bonus, if you sign up through this referral link.

Questions? Suggestions? Use the Lendingclub forum.

Kiva growth

wiseclerk

Kiva.org send a newsletter to lenders yesterday with current numbers:

  • Over 16 million US$ in loans funded
  • Average Kiva loan funds in 1.01 days
  • More then 170,000 lenders
  • 25,000 entrepreneurs received a loan

Kiva has grown a widespread group of supporters, ranging from Kiva Fellows over company supporters to a lively community discussing at Kiva Friends or contributing at Kivapedia.

KivaTV is showing a mix of promotional, educational and informational video clips.

Kiva still maintains a low default rate, which currently is 0.2%. The 20 Kiva loans I myself have invested in are all repaying on time.