A Lithuanian renewable energy firm Litelektra, which is reportedly co-owned by Gofingo Group shareholders, has teamed up with PeerBerry, which is an alternative investment marketplace with “up to 12% return on investment” and offers innovative investment tools.
As mentioned in the update, the new business partner brings “the opportunity to PeerBerry investors to benefit from investments into renewable energy business loans with a 10% ROI.”
6 months-term Litelektra business loans are “double secured – backed by a buyback guarantee and a Gofingo Group guarantee,” the announcement revealed.
Darius Surgautas, CEO of Litelektra, stated:
“Litelektra owns and develops a wind farm in Lithuania (in Taurage region, Batakiai), and we have ambitious plans to grow in 2022 by expanding wind and solar energy farms within our country. Partnering with PeerBerry will help us implement our business strategy more efficiently and quickly.”
Litelektra intends to make the combination of renewable wind and sun energy “more accessible by ensuring a full cycle of stable and affordable energy throughout the whole year,” the update noted.
Litelektra is reportedly planning to “acquire a wind farm in Silales region (Lithuania) with a total installed capacity of 0.5 MW, and one wind farm in Kalvarija region (Lithuania) with installed capacity of 0.25 MW.”
Here are the Business loan details:
- Collateral: pledge of all Litelektra LLC rights on present and future contracts and receivables
- Collateral value: EUR 1 188 000, Verslavita LLC, 2021-12-17
- Loan to value (LTV): 59%
- Appraiser valuation: EUR 1 188 000, Verslavita LLC, 2021-12-17
- Need for funding: EUR 700 000
- Business loan term: 180 days
- Company website https://litelektra.com.
PeerBerry notes that their clients are the “cornerstone” of their business and their biggest assets.
They maintain a “strong focus on investors’ expectations.” The firm claims that their high level of risk management, and innovativeness led them to “become one of the most [trustworthy] and leading P2P marketplace platforms in Europe.”
With PeerBerry, you “earn your lifestyle by investing in consumer loans originated by credible non-banking lenders from across Europe.”
PeerBerry launched on the 1st of November 2017 with “loans originated primarily by Aventus Group and its subsidiaries.”
They are carefully expanding their loan originators network “seeking to offer you even more diverse investment opportunities.” The firm “strongly believes that passive income guarantees a stable economy and better lifestyle hence [their mission is to bring passive income to everyone.”
Recently, PeerBerry reached EUR 10 million “in interest paid to investors.”