Using Peer-to-Peer Student Managed Fund for Community Service

By Lynda S. Livingston, Thomas Glassman and C. Shane Wright.

Published by The Social Sciences Collection

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

Microfinance is spreading rapidly from its not-for-profit roots. For example, peer-to-peer lending sites such as Prosper.com bring microlending to retail investors and small borrowers. In this paper, we describe our use of the Prosper site to host our student-managed fund, which we believe is the only such fund in existence. We then describe our upcoming project to use the fund as a platform for community service—specifically, to develop an alternative to fringe loans.

Keywords: Peer-to-Peer, Student Managed Funds, Fringe Banking, Payday Lending

International Journal of Interdisciplinary Social Sciences, Volume 5, Issue 10, pp.197-210. Article: Print (Spiral Bound). Article: Electronic (PDF File; 699.509KB).

Dr. Lynda S. Livingston

Professor of Finance, School of Business and Leadership, University of Puget Sound, Tacoma, WA, USA

Lynda S. Livingston teaches financial markets, investments, corporate finance, and personal finance at the University of Puget Sound. Her recent work has concentrated on manager selection and portfolio design issues for pension funds. She is a founding member of Four Horsemen Investments.

Thomas Glassman

Treasurer, Four Horsemen Investments, Tacoma, WA, USA

Thomas Glassman received a communication degree from the University of Puget Sound in 2009. He spearheaded the Prosper project, and founded Four Horsemen Investments, while studying financial markets and investments.

C. Shane Wright

Four Horsemen Investments, Tacoma, WA, USA

C. Shane Wright graduated from the University of Puget Sound with dual Bachelors of Arts in International Political Economy and Business. He is currently a Methods/Process Analyst in 787 Preflight and Delivery Industrial Engineering at the Boeing Company, and is finishing a Bachelors of Science in Accounting from Central Washington University while starting a Masters in Aeronautical Science through Embry-Riddle University. Outside of work, traveling and academic research takes up quite a bit of his time; specifically, he studies microfinance, the economics of air transportation, and the French language.

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