PeerBerry’s business partner – real estate developer SIB Group – has successfully “closed the residential building project Mo Garden in Vilnius,” the capital of Lithuania.
The real estate loan of EUR 1 million, “plus an interest rate of EUR 105 438 (total amount of EUR 1 105 438) was repaid to PeerBerry investors on August 4, 2022.”
PeerBerry started the last month of summer “with new milestones.” At the end of July PeerBerry’s portfolio “exceeded EUR 92 million.” Last month, PeerBerry investors “funded the highest amount of loans, compared to other industry players in Europe.”
Arūnas Lekavičius, CEO of PeerBerry, stated:
“While volumes of new loans are slightly lower in the summer, compared to other seasons, last month we managed to fund a higher amount of loans by offering different types of loans, including those that are not being affected by seasonality. We plan that the volumes of new loans will grow in autumn. Recently, we added a new business partner from Kenya to the platform. In autumn, we plan to onboard new lenders from other countries.”
Key figures at the end of July 2022 (vs June 2022)
- PeerBerry’s total portfolio at the end of July: EUR 92 020 880 (+1,3% ↑)
- total loans funded (cumulative since inception): EUR 1 260 494 128 (+3,2% ↑)
- the loan volume funded in July: EUR 38 698 748 (+4% ↑)
- the interest earned by investors since inception: EUR 14 540 361 (+4% ↑)
- the interest paid to investors in July: EUR 588 932
the average annual ROI in July: 12% (without loyalty interest) - the number of investors at the end of July: 57 726 (+1 010 ↑)
In July, like in previous months, PeerBerry business partners “repaid over EUR 1,4 million of war-affected loans.”
PeerBerry partners already “covered 38% of war-affected obligations.” The nearest repayment of war-affected loans “will be processed in the mid of August.”
As covered in July 2022, 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.”