Home Peer to Peer Lending PeerBerry repays buyers €200,000 in war-affected loans

PeerBerry repays buyers €200,000 in war-affected loans

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PeerBerry repays buyers €200,000 in war-affected loans

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PeerBerry, the European peer-to-peer lending market, has repaid its buyers one other €200,000 in war-affected loans.

The newest cost was made by Gofingo Group, a Ukraine-based lender specialising in client and enterprise loans.

Slightly beneath €3m stays to be paid from Ukraine-based loans on the PeerBerry platform. All Russia-based loans have already been closed off and buyers have been paid in full.

Learn extra: PeerBerry mortgage volumes rose by 50pc final 12 months

“In 26 months of the conflict, PeerBerry enterprise companions [Aventus Group and Gofingo Group] have in whole repaid PeerBerry buyers €47.6m or 94.8% of the entire excellent war-affected obligations,” PeerBerry defined in an replace.

Aventus, a bunch of digital mortgage suppliers which operates the world over, has repaid a bit over €40m, whereas Gofingo has repaid €7.6m.

Aventus’s war-affected long-term obligations, by way of mortgage originators AutoMoney and Slon Credit score Ukraine, quantity to €0.42m, and every reimbursement of the principal is being repaid with the gathered curiosity.

Learn extra: PeerBerry to onboard “no less than” 10 new lenders in 2024

In the meantime, Gofingo Group lenders Zecredit, EuroGroshi, and Gofingo Ukraine collectively have €2.6m excellent. Gofingo Group will proceed overlaying its war-affected obligations in the course of every month. The gathered curiosity will probably be repaid with the final reimbursement of war-affected loans.

“If there isn’t any new main turbulence, it’s lifelike that our enterprise companions will absolutely cowl their war-affected obligations earlier than the tip of 2024,” PeerBerry famous.

Learn extra: PeerBerry strikes nearer to full reimbursement of war-affected loans



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