Today we are sharing performance data from the Prosper Portfolio for May 2020.
Prosper Performance Update – May 2020: Highlights from the report include:
- In May, approximately 96% of originations were rated AA-B compared to 80% in the prior month, driven by credit tightening in response to changes in economic conditions related to COVID-19.
- The weighted average annual income of borrowers on the platform in May was $114K, which represents an 11% increase year-over-year.
- On a mix-adjusted basis, the weighted average borrower rate for May originations increased by 30 bps driven by borrower rate increases.
Portfolio insights and key charts can be found here:
Prosper Performance Report – May 2020
The Prosper Performance Updates are designed to help our investor community better understand performance trends and to provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.
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