Hi Pete!

So you're one of the pioneers. As I understand it, both ZOPA and Prosper have about 40 million $ in loans standing out. Somehow this number doesn't seem to be moving - suggesting that this is not really catching on. Which is ashame, at some point in time this is the mechanism that we will use instead of going through our banks.

There were a few articles posted on for instance Prosper that some borrowers didn't even bother to make the first payment. How are your experiences with that? To me it sounds a bit worrying, because you really need about 98% of borrowers to have outstanding behavior for this to be more attractive than a regular savings account ... anyway, also have a look at circlelending.org and www.kiva.org ...

All the best!