Is prosper a good lender? Prosper is one of the pioneers of peer-to-peer, or marketplace, lending, which connects good-credit borrowers with investors who can choose to fund their loans. Prosper’s personal loans are a good fit for borrowers who: Have good to excellent credit scores.Is prosper a legitimate company? Anyway do not make a big thing out of it, it just means that Prosper is a good and legit company that takes good care of the people who borrow and lend money. They do this by not giving everybody the approval for a loan.What is prosper loan? Prosper is a peer to peer lending company that offers personal loans at low rates. These loans are unsecured, which means you do not have to put up any collateral (like a house or car) that could get taken away if you can’t make payments. Each loan is typically funded by multiple people all over the United States.