PeerBerry Business Partners Repay Over €1.6M of War-Affected Loans

PeerBerry business partners are repaying more than €1.6 million of war-affected loans.

As noted in the update from PeerBerry, AutoMoney UA and Slon Credit UA long-term loans are being “repaid under the initial loan schedule.” The last payments of these loans “are being repaid with the accrued interest.”

As mentioned in the announcement, some war-affected long-term (long, business, real estate, leasing) loans are “repaid in full already.” Information about such loans you will “find in your account in the My investments section / Finished investments.”

After repayments of war-affected loans this month, the total repaid amount (since the war started) “is €23,06 million, or 46% of the total war-affected obligations towards PeerBerry investors.”

With the amount of war-affected loans already repaid, PeerBerry’s business partners are significantly “ahead of the initial plan to repay war-affected loans within two years.”

So, they believe that all war-affected loans “will be repaid much faster than planned at the beginning of the war.”

You can see “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 our “Statistics” page on [their] website.”

As clarified in the update, the information on the Statistics page is “not being updated instantly – it requires up to one day for the data to be updated.”

As of now, Aventus Group in Ukraine “remaining obligations towards investors amount to EUR 7,58 million, in Russia – EUR 13.14 million.” Gofingo Group in Ukraine obligations towards PeerBerry investors “amount to EUR 6,86 million.”

As covered, investment platform PeerBerry reported that it will be listing CashXpress loans from the Philippines again.

CashXpress will reportedly “offer double guaranteed 180 days term loans with a 12% ROI.”

PeerBerry pointed out that you may review “the term and the loan type of CashXpress loans, and make sure to include CashXpress in your Auto Invest strategies if the offer of this company meets your investment strategy.”

Arūnas Lekavičius, CEO of PeerBerry, stated:

“We started cooperation with CashXpress from the Philippines last October. The lender has demonstrated a good development trend and discipline in repayments of loans to our investors. However, due to the war in Ukraine, the development of our smaller business partners, including CashXpress, has been postponed, temporarily focusing only on matured and profitable companies.”

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