Peer-to-peer lending company, Prosper Marketplace, has hinted that it may build a peer-to-peer lending product targeted specifically at student loans, following in the footsteps of Fynanz and People Capital.
During a recent interview session that Lending Socially had with Chris Larsen, CEO of Prosper Marketplace, Larsen commented that, “Over time we anticipate building a tailored business serving students, but already Prosper is well suited for some specific education financing markets; namely parents and working grad students. These are segments within the student market that are well served by our current product offerings.”
Both Fynanz and People Capital are beginning to develop peer-to-peer lending offerings for student borrowers, but neither of them have originated any significant of loans. People Capital is currently in a “beta” phase of their service and Fynanz only makes loans to students through partner credit unions.
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