PeerBerry Reveals that €27M of War-Affected Loans have Been Repaid

Alternative investment platform PeerBerry business partners are repaying EUR 1.8 million of war-affected loans.

In 9 months of the war, under the Group guarantee mechanism, PeerBerry business partners have already repaid “over EUR 27.02 million, or 54% of the total war-affected obligations towards PeerBerry investors.”

As clarified in the update, 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.”

Also note that “a part of war-affected long-term loans (long, business, real estate, leasing) are repaid in full already.” Information about such loans you can “find in your account in the My investments section / Finished investments.”

PeerBerry reminds clients to “get in touch with [their] Client Support via Live Chat or email if you have questions or need help finding the necessary information in your account.”

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 [their] ‘Statistics’ page on [their] website.”

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

To learn more about how the repayments of war-affected loans are being performed and where to find the information you need, check here.

The repayments of war-affected loans are “being performed monthly in the middle of the month,” the update revealed.

Last month, PeerBerry marked its five years of operations.

The PeerBerry platform enters its sixth year of activities “with 61,174 verified investors and an outstanding portfolio of EUR 97 million.” In October, PeerBerry investors “funded EUR 46,5 million of loans. 1140 new investors joined the platform last month.”

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

  • PeerBerry’s total portfolio at the end of October: EUR 96 983 816 (+1,6% ↑)
  • total loans funded (cumulative since inception): EUR 1 397 019 694 (+3,5% ↑)
  • the loan volume funded in October: EUR 46 489 628 (+3,6% ↑)
  • the interest earned by investors since inception: EUR 16 397 431 (+4% ↑)
  • the interest paid to investors in October: EUR 622 422
  • the average annual ROI in October: 11,09% (without loyalty interest)
  • the number of verified investors at the end of October: 61 174 (+1 140 ↑)

In October, PeerBerry business partners “repaid over EUR 1,8 million in war-affected loans.” Up to date, PeerBerry partners “have already covered 50% of war-affected obligations toward investors.”

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