Recently, Prosper launched their “2 Billion Strong” contest. This past October Prosper reached $2 Billion in loans issued, only 5 months after reaching their first billion which took them over 8 years. In celebration, borrowers were asked to submit videos and photos that they created showing how their loan has helped them; the winner will have their whole loan (up to $35,000) paid off by Prosper. Voting closed this past Monday and the winner will be announced in early December.
Narrowed down to five submissions, each video showcases how their Prosper loan affected their life. Many of these people, with out the help of peer-to-peer lending, would have been unable to receive the necessary funds.