PeerBerry Partners in Kazakhstan Reportedly Made €4.7M in Net Profit Last Year

In 2022, PeerBerry business partners CreditPlus KZ, Credit365 KZ, and AutoMoney KZ in Kazakhstan all together “made €4.7 million in net profit – significantly more compared to 2021 (Aventus Group’s total net profit in 2021 in Kazakhstan was €0.8 million).”

In 2022, Aventus Group companies in Kazakhstan “issued €202.7 million in loans – almost 5 times more than in 2021.”

At the end of June 2023, the total loan portfolio of Kazakh companies “amounted to
€45.23 million.” Kazakh loans account “for 30% of the PeerBerry outstanding portfolio.”

Currently, PeerBerry partners “with five lenders from Kazakhstan: leasing company AutoMoney KZ (joined PeerBerry at the beginning of 2019), four short-term lenders CreditPlus KZ (joined PeerBerry in the mid of 2020), Credit365 KZ (joined PeerBerry in the mid of 2021), A Credit KZ (joined PeerBerry at the end of 2022) and OneCredit KZ (joined PeerBerry in the mid of 2023).”

Aventus Group is “one of Kazakhstan’s largest short-term lenders, taking 25% of the market under the volumes of loans issued.”

The audited financial statements 2022 of Kazakh companies CreditPlus KZ and Credit365 KZ will be “published on the PeerBerry website before the end of September (currently, these companies are in the auditing process).”

The audit is not mandatory “for the leasing company AutoMoney KZ. A Credit KZ and OneCredit KZ will provide financial statements for 2023 next year (as these companies started activities at the end of the last year/this year).”

PeerBerry business partners “prepare their financial statements following local laws and regulatory requirements.”

Recently, PeerBerry business partners said they are “repaying Є1,8 million of war-affected loans.”

Under the Group guarantee mechanism in 17 months of the war, PeerBerry business partners have already “repaid Є42.65 million, or 85% of the total war-affected obligations towards PeerBerry investors.”

Remember that 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 loans is “repaid in full already – information about such loans you can find in your account in the My Investments section / Finished investments.”

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 their “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.”

To help clients understand better 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.”

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