A little over two months ago I opened an account with Prosper.com. Today I am proud to report that all eleven of my micro-loans have made their first monthly payment on time. This is very good news, given that I have $1,000 on the line (a lot of money to me); if no one defaults I could realize a 13.54% return.

There is still a long way to go, and it is likely that late payments will come later in the loan cycle, but I am encouraged all the same.