This paper investigates whether global financial crisis lead lenders to be risk-averse, especially in the crowdfunding peer-to-peer (P2P) lending market. I use the quasi-experiment event of subprime crisis as one of the global financial crises and suggest evidence that global financial crisis lead the lenders of crowdfunding P2P lending market to become more risk averse. Moreover, I find that their response of risk-aversion to the crisis leads to the changes in funding amount of individual lenders and the ex-post default probability of listed loans. By using the database from Prosper.com, I find evidence that individual lenders show their risk-aversion by reducing their funding loan amount when a global financial crisis occurs. Their reduction in funding amount is amplified when another uncertain situation such as non-available loan purpose occurs. These findings contribute to the current literature of crowdfunding market in that there are few papers investigating the relationship between the global financial crisis and crowdfunding market, especially in terms of risk-aversion of lenders and their impact on the crowdfunding market. Overall, the paper provides advice to the constantly growing number of users of crowdfunding P2P lending market.