Hello, I'm zcommodore and I'm a Prosper addict...
Wait, is this the 12-step program or am I lost?
Seriously though, I found out about Prosper in August, 2006 and was an almost instant addict. I am a very small-time lender and have a small group as well. My lending and group leading have had mixed success because I believed that the community aspect of Prosper would encourage people to pay back their loans but I was wrong. Community doesn't put money in peoples pockets.
Still, I'm very enthused about the concept of Prosper and really want to see it succeed. However, I recently stopped lending because every time Prosper seems to show growth and improvement, they do something stupid that sets them back where they started.
I may start lending again if I see them starting to take serious steps toward profitability. Until that time, I am on hold. In the mean time, you can
read my blog where I will update my lending status as time goes on.
