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Statement layout

• Rewards summary: A summary of your group reward activity as a group leader.
  
  
• Loan-by-loan details: Loan-by-loan details of payment and group reward activity for your group's loans.

Rewards summary

The rewards summary is a summary of group reward activity as a group leader.

Specific fields include:

• Active loans: The number of active loans that were in your group during the statement period. This includes loans that originated, were paid off, and defaulted during the statement period.
• New loans: The number of new loans that originated during the statement period.
• Loans paid off: The number of loans that were paid off during the statement period.
• Rewards accrued: The amount, in dollars, of group leader rewards you accrued (earned) during the month and year of the statement period.
• Rewards paid: The amount, in dollars, of group leader rewards you were paid during the month and year of the statement period.
• Rewards forfeited: The amount, in dollars, of group leader rewards you forfeited due to delinquency or default during the month and year of the statement period.

Sample rewards summary:

Loan-by-loan details

The loan-by-loan detail is a detailed description of payment and group reward activity for your group's loans

Loan fields include:

• Screen name: The screen name of the group member who is the borrower on the loan.
• Credit grade: The credit grade of the borrower on the loan.
• Loan term: The length in months of the loan.
• Group leader rewards: The portion of the borrower's interest rate which will be paid in group leader rewards, along with the group's reward sharing rate at time of listing (in parenthesis).
• Accruals pending payback: The amount in dollars of accrued group leader rewards which are waiting until the loan is paid in full to be paid to the group leader. Payment rewards are accrued (but not paid out) for the first three loan periods: when the borrower pays the loan back in full, the accrued payment rewards will be paid to the group leader. If the borrower defaults on the loan, the accrued group leader rewards will be split up among the lenders on the loan.
• Loan: The principal amount and borrower interest rate of the loan.
• Origination date: The origination (start) date of the loan.
• Current period: The current period (age in months) of the loan.
• Current balance: The current balance of the loan on the statement date.
• Loan status: The repayment status of the loan on the statement date.

Payment activity fields include:

• Date: The date of the payment event.
• Amount paid:: The total amount paid by the borrower.
• NSF fees: Portion of the borrower's payment which was allocated to failed payment or NSF (Non-Sufficient Funds) fees.
• Group leader reward: Portion of the borrower's payment which was allocated to group leader rewards.
• Bank draft charge: Portion of the borrower's payment which was allocated to non-electronic payment (or bank draft).
• Fees: Portion of the borrower's payment which was allocated to late fees.
• Interest: Portion of the borrower's payment which was allocated to lender interest.
• Principal: Portion of the borrower's payment which was allocated to lender principal.
• Resulting principal balance: The principal balance on the borrower's loan immediately after the payment was made. This is the remaining balance on the loan.

Group reward activity fields include:

• Date: The date of the group reward event.
• Event: Event types include match reward and payment reward.
• Accrued: The amount, in dollars, of group leader rewards accrued on the group reward event date. Group rewards are accrued ahead of the time they are paid out to group leaders.
• Paid: The amount, in dollars, of group leader rewards paid to the group leader on the group reward event date.
• Forfeited: The amount, in dollars, of group leader rewards forfeited on the group reward event date. Group rewards are forfeited when the borrower goes into delinquency or default.