PeerBerry’s business partner – real estate developer Lithome – successfully “closed the real estate project ‘Aurea Home’ in the center of Vilnius, the capital of Lithuania.”
The real estate loan of EUR 1 million, “plus an interest rate of EUR 91 647 (total amount of EUR 1 091 647) was repaid to PeerBerry investors on April 15, 2022.”
The team has thanked everyone “who contributed to the implementation of the project ‘Aurea Home’.” (Note: for more details on this update, check here.)
In a separate update, PeerBerry noted that they “regularly receive inquiries from [their] investors who would like to support Ukraine by providing support to the Ukrainian people suffering from the war and fighting for their country’s freedom.”
The Russian government’s terrorist attack on Ukraine “is endangering the lives of millions of innocent people.” PeerBerry confirmed that they “support Ukraine and the courage of its people to defend freedom and democracy.” If you want to support Ukraine and its people at this difficult time, “consider donating.”
PeerBerry further noted that they have “selected a few reputable options for you to consider donating to Ukraine directing your support to humanitarian aid or supporting the Ukrainian army.” (Note: for more details on this update, check here.)
In another announcement, PeerBerry confirmed that EUR 10 million “has been dedicated to repaying war-affected loans.”
Shortly, PeerBerry investors will “receive part of their investments into Ukrainian and Russian loans – in total EUR 1,3 million.”
On April 6-7, PeerBerry processes “a repayment of EUR 1,2 million to cover a part of war-affected short-term loans.”
At the beginning of the next week, EUR 100 000 of the Ukrainian long-term loans “will be repaid.”
This month’s repayment is “a part of the war-affected loans’ gradual repayment plan.”
Since the war started in Ukraine, PeerBerry business partners from the Group’s reserves already “repaid EUR 10 million of investments (including this month’s repayment) into war-affected loans.”
After the latest repayment in April, PeerBerry business partners’ obligations in Ukrainian and Russian markets are:
- Aventus Group’s obligations towards investors amount to EUR 12,16 million (Ukraine) and EUR 19,03 million (Russia),
- Gofingo Group in the Ukraine obligations towards PeerBerry investors amount to EUR 9,04 million.
Until no transfers of funds are available from the Ukrainian and Russian markets, PeerBerry business will “use a part of its profits to gradually repay war-affected loans.”
The conservatively planned repayment period of war-affected loans “is 24 months.” After a transfer of funds from Russia and Ukraine “is possible, this period may decrease.”
Aventus Group and Gofingo Group “are about to gradually repay war-affected loans on a monthly base (not quarterly as planned at the beginning of the war).”
The proportionality method “will be followed when repaying war-affected loans, i.e., the higher the share of investments in UA/RU loans, the higher the amount of the repayment.
The aim is “to gradually return part of UA/RU investments to all investors.”
All the interest rates accrued for the war-affected loans “will be paid at the end of the full repayment of the war-affected investment. I.e., invested funds will be gradually repaid, and after all the invested principal amount is repaid, the accrued interest repayment will follow.”
After an additional assessment of the situation, Aventus Group may “consider repaying the monthly principal amount of Ukrainian long-term loans (AutoMoney UA and Slon Credit UA) under the initial schedule of each loan (as short-term loans and the real estate loan will also be gradually covered monthly).”
The next repayment of war-affected loans “is scheduled for the first week of May.”