Leporello Provides The Genius (misunderstood) | P2P Lending, Peer to Peer Lending, People to People Lending

Leporello has been using ProProsper since the beginning. He was a sounding board and a voice of reason. He has done a number of very interesting research projects with the query analyzer. 2 of these projects are publicly available via ProProsper: What Groups Does a Lender Really Support? and Leporello Group Ratings

What Groups Does a Lender Really Support is the epitome of Prosper groups. Who cares what groups you say you support? Show me with your bids and loans. The tool matches a lender to the groups in which they have loans. Ranking them by most money lent. For example (RateLadder Group Support), my largest group is the No Group at 63.2% of my loans. Dwarfing my number 2, Small Business and Self Employed, at 3.6%.

Leporello Group Ratings are quantitative, rankable, and regularly updated. He spent a number of iterations making sure they are the best they can be. Here is the methodology in his own words: Toward a Quantitative Methodology for Rating Prosper Groups

I will leave the misunderstood explanation out of this post, other than to say that sometimes Leporello and Prosper don’t see eye to eye. I think this is a shame as he has nothing but love for p2p lending. He has put his money where is mouth is. He is perhaps the only super advanced forum member with a dollars invested to forum posts ratio of greater than 1 (if there are others his is the highest ratio). The Prosper world is a better place for having Leporello.

Blog Traffic ExchangeRelated Posts

  • Prosper Repurchases A LoanYesterday, I had one of those bitter sweet moments. Sweet in that a loan I had been writing off in my mind as bad was repurchased by Prosper for the full principal balance. Bitter, because I really believe I am helping people with these loans and yet someone would take……
  • Groups, Groups, Groups… Exploring Groups on ProsperDisclaimer: I am not a member of any group, nor do I help or detract from any group… The basic idea is that a lender starts a group and becomes a group leader. That group leader maintains to group and optionally takes a some percentage on top of the lender……
  • New Lender Feature — Rapid TransfersI received an email from Prosper today detailing a new feature and inviting me into the beta: Rapid Transfers Dear Kevin, Prosper is testing a new service called “Rapid Transfer” for established customers. We’d like to invite you to participate. If you initiate a transfer of more than $500 before……
  • Security Message from Prosper Last Night: Group leader on Prosper is subject to a Federal Trade Commission (FTC) settlement Dear RateLadder_com, It has come to our attention that one of the group leaders on Prosper is subject to a Federal Trade Commission (FTC) settlement order that bans him and his related companies from advertising, marketing, promoting, offering for sale, or selling any credit-related goods or services, or assisting others……
  • Prosper Group RateLadder Update Prosper Group RateLadder. I would to thank the members of my group for their support… As I could have guessed most of my readers and friends are lenders… The Prosper group is now 12 strong… I correspond with many of them regularly. I have gotten a lot of ideas for……

blog traffic exchangeRelated WebsitesOnline StoresIf you liked this article, vote for it on del.icio.us and stumbleupon.

Categories:

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *