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Answers to questions about being a group leader at Prosper
There were 5 questions found in this category:
  1. questionWhat is a group leader?
    Each group begins with a designated group leader who is responsible for setting up a group home page and inviting members. Some group leaders form groups based on their community interests or prior affiliations, such as membership in a club, social organization or religious association. A Prospe ...

  2. questionAre group leaders compensated?
    Yes, if they want to be. Because Prosper's group model helps keep loan defaults low, their presence creates value in the marketplace. This value allows groups to be compensated. Prosper compensates group leaders based on the repayment performance of the group. The group leader determines whether ...

  3. questionCan I lend or borrow if I'm a group leader?
    Yes, you can lend and borrow on Prosper if you're already a group leader. If you want to borrow money, however, you will not be able to do so as a member of your own group; you will have to join another group. You are not allowed to borrow money as a member of your own group to avoid any conflic ...

  4. questionHow do I create my own group?
    If you are not registered with Prosper, you will be asked to fill out a quick registration form. Registration is free. Once registered, click the "Become a Group Leader" link. You will be asked to provide your social security number and a few other personal details so that we can check and prot ...

  5. questionHow does a group or association join Prosper?
    Groups and associations start with a designated group leader responsible for creating the group home page and inviting and accepting members. Once the group leader registers and creates a group page, he or she provides the organization's bank account information so that group leader rewards can ...


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