Group Leader

What 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. Prosper has an easy template for setting up a group page. Some group leaders form groups based on their community interests or prior affiliations, such as membership in a club, social organization or religious association. Although group leaders have to do more work than members, there are rewards for the extra effort. Learn more about becoming a group leader.

What are "leader rewards" or "group leader rewards"?

Group leaders can earn group leader rewards (money) in two ways. First, each time a borrower's loan request is matched with a lender and a loan is funded, there is a "match reward". And every time a borrower in the group makes an on-time loan payment, there is a monthly "payment reward." (Try finding a credit card that does this.) The better the group's loan repayment performance, the more the group leader earns, and the better the group's reputation becomes. Learn more about group leader rewards and reward amounts.

What are "shared group leader rewards"?
Instead of being the recipient of the full reward amounts, some group leaders may choose to share their group leader rewards with their group instead. In the case of 100% shared rewards, the group leader will not receive any compensation for on-time payment. Instead, the group leader rewards will be passed on in the form of reduced interest rates on group members' loans. The lower interest rates that group members get when the group leader shares group leader rewards stays the same for the life of the loan, even if the group leader decides later not to share group leader rewards.

What is "listing review"?

Some group leaders will require their borrowers to submit new listings for their review before they are put on the marketplace. If you join a group that requires listing review, when you finish creating your listing, the group leader will have up to 7 days to review your listing and make a decision on the listing:

• If the listing is approved, the listing will become live on the marketplace for the full duration selected (e.g., 7 days).

• If the listing is declined, the listing will be cancelled and you may create a new listing at any time.

When a group leader reviews a listing, he or she has the ability to add a public endorsement to the listing which can be viewed by lenders.