Prosper vs. Kiva

Prosper Vs. Kiva

Prosper is a peer to peer lending site. It has been coined the Ebay for loans. My issues with Prosper is how many Americans default on loans. I thought I would be getting an ROI of 11%, but it is closer to 1%. This causes me to think that my money is better in Kiva.org, where you lend to micro-finance operations around the world and give small loans to people who really need it. Even though I make no interst on the loans I have with Kiva, I have never had a default, and yet feel much better about lending to these people in real difficult situations, over those on Prosper who bought a McMansion and can't afford to pay their bills.

http://www.lendingstats.com/lenders/skitramp