Real Estate Developer SIB Group has Repaid €440,942 to PeerBerry Investors

PeerBerry’s business partner – real estate developer SIB Group – has reportedly “repaid investments into a commercial real estate project – business center K32 located in a prestigious place in Vilnius (Kęstučio str.32), the capital of Lithuania.”

K32 is a Class A commercial building that “combines modern architectural solutions with innovative technologies.”

The real estate loan of EUR 400 000 plus “earned interest of EUR 40 942 (total amount of EUR 440 942) was repaid to PeerBerry investors on October 7, 2022.”

The PeerBerry team has thanked the parties “for contributing to the development of projects developed by [their] partners.”

Last month, PeerBerry achieved a milestone of 60 000 verified investors. PeerBerry’s portfolio “exceeded EUR 95 million.” In September, PeerBerry investors “funded EUR 44,86 million of loans. 1156 new investors joined the platform last month.”

Key figures at the end of September 2022 (vs. August 2022):

  • PeerBerry’s total portfolio at the end of September: EUR 95 495 895 (+2,7% ↑)
  • total loans funded (cumulative since inception): EUR 1 350 530 066 (+3,4% ↑)
  • the loan volume funded in September: EUR 44 855 673 (-0,8% ↓)
  • the interest earned by investors since inception: EUR 15 775 009 (+3,9% ↑)
  • the interest paid to investors in September: EUR 584 578
  • the average annual ROI in September: 11,09% (without loyalty interest)
  • the number of verified investors at the end of September: 60 034 (+1 156 ↑)

In September, PeerBerry “relaunched the offer from the Philippine partner CashXpress, thus expanding the geography of business partners.”

PeerBerry offered “a dark mode version of its mobile application.”

In September, PeerBerry business partners “repaid over EUR 1,6 million in war-affected loans. Up to date, PeerBerry partners have already covered 46,14% of war-affected obligations.”

PeerBerry will “process the nearest repayment of war-affected loans in the mid of October.”

As covered last month, 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 (in September 2022):

“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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