How should people who lend spread their risk?
Because Prosper allows lenders to bid small amounts on all or part of loans, it is easy for lenders to create well-diversified portfolios. Using Prosper’s portfolio plans feature, lenders can efficiently diversify their portfolio by automatically bidding on listings that reflect their pre-defined criteria. For example, a lender can bid as little as $50 on any loan listing. To diversify their portfolio, a lender with $10,000 to deploy might want to spread a large number of small bids among several loans. Learn about diversifying your lending with portfolio plans.
