Group leaders get a little kickback from their work. I think it's something like 1% on the loan. Some of the lenders on Prosper say it's not enough to justify the work involved. I need to email a group leader and find out exactly what kind of work is involved. From what I know, they check some documentation and make a few phone calls.
I need to find out just how much time is spent in the vetting process.
Group leaders also help attract attention to the listing by working the forums a bit. Help get the word out.
I was thinking about starting a group that concentrated on getting people out of high interest credit card debt and worked toward being debt free. I think it would be a great service but I need to find out if I would have the time to do it.