Last year, Aventus Group companies operating in Kazakhstan “issued EUR 41.6 million in loans – 3.4 times more than in 2020.”
At the end of 2021, Aventus Group’s total portfolio in Kazakhstan “amounted to EUR 14.2 million (the total portfolio grew 2.8 times compared with 2020).” Last year, Aventus Group’s total profit in Kazakhstan “was EUR 0.8 million.”
Assessing last year’s growth and the results reached in Q1 2022, Aventus Group plans “to issue about EUR 90 million in loans in Kazakhstan, reaching up to EUR 6 million profits this year (the profit forecast is calculated assessing possible currency fluctuations).”
Aventus Group in Kazakhstan operates since 2018:
On the PeerBerry platform, 3 companies from Kazakhstan “offer investors to invest in loans – Credit Plus KZ, Credit365 KZ, and AutoMoney KZ.”
The audited 2021 financial statements of Kazakh companies “will be published on the PeerBerry website before the end of July.”
PeerBerry business partners “prepare their financial statements following local laws and regulatory requirements.”
In another update, the PeerBerry team noted that since the war started in Ukraine on February 24, the firm’s business partners have “already repaid EUR 8.72 million of war-affected loans from the group’s accumulated reserves.”
Repayments of war-affected loans from February 24th till March 15th “were made” as follows:
- EUR 7 095 160 was used from Aventus Group to repay a part of Ukrainian short-term loans,
- EUR 207 580 was used to repay a part of Aventus Group Ukrainian long-term loans,
- EUR 863 438 was used from Gofingo Group reserves to repay the part of Gofingo Group Ukrainian loans,
- EUR 557 817 was used to repay a part of Aventus Group Russian loans.
- The next partial repayment of the war-affected loans “in a total of EUR 1,2 million is scheduled for the first week of April.”
Assessing the complexity of the situation caused by war, “the size of the obligations for investments in Ukrainian and Russian loans, also assessing the performance results and future projections of the healthy part of our partners’ business, Aventus Group and Gofingo Group forecast that all investments in Ukrainian and Russian loans will be repaid within 24 months and we are successfully moving towards this goal.”
If the war ends soon, war-affected investments “will likely be repaid sooner.”
At present, the PeerBerry team is “working on a more convenient display of war-affected loans in the client account also on the statistics page on the website.”
PeerBerry has “elected 30 investors to the independent supervisory board.”
To ensure full transparency, on how their partners are moving towards the final goal to repay all investments into Ukrainian and Russian loans and to keep their investors updated about our partners’ overall business results, PeerBerry “has elected 30 investors (instead of previously planned 20) from 167 applicants.”
The average portfolio of elected investors “is EUR 53 987.” But “not the size of the portfolio was the criterion when electing investors to the independent supervisory board,” the update clarified.
What criteria were counted as the priorities when electing the independent supervisory board:
- The share of war-affected loans in the portfolio was considered as the main criterion. The higher the share of war-affected loans, the higher the priority. Keeping this criterion as the main, we chose investors who have more than 55% of war-affected loans in their portfolios.
- Several accounts on PeerBerry was the additional criterion.
- Proactivity in discussing the industry. Some investors are regularly digging deeper into the industry, addressing many questions to us, and raising public discussions in investor communities. Investor proactivity is an important value for other members of the community that’s why this criterion was considered a plus.
The independent supervisory board members “will have the first meeting with our business partners next week.”
The update further noted that “all investors after these meetings will receive detailed information about what was presented, what topics were discussed, what decisions were taken.”
Business partners in other countries “operate efficiently and profitably,” the update noted.
All PeerBerry’s business partners, which currently offer loans on our platform, “operate efficiently and profitably.”
Recently, the team had shared their business partners results in the Poland market – their Polish partners “earned EUR 6.96 million in net profit in 2021.”
For more details on these updates, check here.