US peer-to-peer lending platform Prosper saw its average loan size and proportion of lower-risk loans remain the same in May, compared to April.
The average loan size was $13,000 (£11,136) and average borrower income was $107,000 in May, with both figures remaining relatively stable month-over-month and two per cent down from March.
In May, approximately 78 per cent of Prosper’s originations were rated AA-B, the same as that in April, and down slightly from about 81 per cent in March.
Prosper loans are assigned a rating from AA (lower risk, lower return) to HR (higher risk, higher return).
The median monthly payment on Prosper’s loan to income ratio for May remained relatively stable at 4.95 per cent.
The weighted average borrower rate for May originations dropped by 10 bps over the prior month.
“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,” Prosper said in a blog on its website.