Peer-to-peer lending site Prosper.com has stopped letting high-risk borrowers use its site because too many of them failed to repay their loans. The site’s problem, says columnist and one-time lender Alex Salkever, is that Prosper got in the way of letting a social bond form between microborrower and microlender.
Continue reading It Takes a Community to Repay a Loan: The Lessons of Prosper.com
It Takes a Community to Repay a Loan: The Lessons of Prosper.com originally appeared on DailyFinance on Tue, 11 Jan 2011 13:30:00.
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