Alternative Investment Platform PeerBerry Repaid €1.4M of War-Affected Loans in July 2022

This month PeerBerry repaid more than EUR 1.4 million of “war-affected” loans.

As confirmed in a blog post, PeerBerry business partners are “repaying EUR 1,2 million of war-affected Ukrainian and Russian short-term loans.”

An additional amount of “up to EUR 200 000 of war-affected real estate and business loans will be repaid next week.”

As noted in the update by PeerBerry:

“We also remind you that Ukrainian long-term loans (AutoMoney UA and Slon Credit UA) are being repaid under the initial loan schedule and this month there are already loans of these lenders that are repaid to investors in full including the accrued interest.”

As mentioned in the announcement:

“After repayments of war-affected loans this month, the total repaid amount of war-affected loans (since the war started) will be EUR 19,2 million, or 38,23% of the total war-affected obligations towards PeerBerry investors.”

As of now, Aventus Group in Ukraine obligations towards investors “amount to EUR 9,23 million, in Russia – EUR 14,85 million.” Gofingo Group in Ukraine obligations towards PeerBerry investors “amount to EUR 7,56 million.”

You may review the progress of repayments of war-affected loans (the total repaid amount, the amount of remaining war-affected obligations, and repayments by separate lenders or groups), on PeeryBerry’s Statistics page via their official website.

In another update, it was noted that PeerBerry wanted to draw your attention to the adjustments in the interest rates via their platform, starting from July 18, 2022.

Please note “the lowest (10%) and highest (11,5%) margins of the interest rates and adjust your Auto Invest strategies accordingly,” the company wrote in a blog post.

Arūnas Lekavičius commented:

“The drop-down in interest rates is related to the current lower needs for our partners to borrow. Summertime statistically is a less productive season in the short-term lending business, which makes a direct impact on the supply of loans to the platform. Currently, the demand is outstripping the supply on the platform. As every year, we expect markets to grow again in the autumn. At the beginning of the autumn, we also plan to add new business partners, including new markets – the Czech Republic and Kenya. This will bring correspondingly higher supply to our platform, a wider diversity to our investors, also slightly higher interest rates.”

To review the interest rates applicable from July 18, check here.

As clarified by PeerBerry, the adjusted interest rates “are applicable for new investments done from July 18 and have no impact on your current investments.”

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