One more business partner, LoanPlus from Sri Lanka, joins the PeerBerry platform.
LoanPlus will reportedly offer PeerBerry investors investments “in short-term loans with an 11.5% annual return.” Loans provided by LoanPlus to PeerBerry investors “include a buyback and a group guarantee.”
LoanPlus (legal name AISIT Consulting Services (Private) Limited) is a short-term lender in Sri Lanka, “founded by Aventus Group in August 2019; however, the company started issuing loans in 2023 – active operations of LoanPlus were postponed due to the pandemic and later due to the war in Ukraine.”
LoanPlus offers customers a quick and convenient online solution “to receive up to 30 days of term loans.”
To date, the LoanPlus portfolio amounts “to over EUR 420,000. At LoanPlus, 23 employees currently work.” The company’s website is accessible here.
LoanPlus loans will be “available on the PeerBerry platform three times a week – Mondays, Wednesdays, and Fridays.”
PeerBerry recommended that you can consider including LoanPlus in your Auto Invest if these loans meet your investment strategy.
As covered, PeerBerry’s business partner – real estate developer Lithome – repaid investors a EUR 320 000 (real estate project “City Stories”, funding of the first construction stage) loan and paid EUR 30,406 in interest.
PeerBerry closed one more record month – in September, PeerBerry investors funded EUR 75.7 million of loans, which again is “the highest amount in PeerBerry’s history.”
In September, PeerBerry reportedly “paid out EUR 1.5 million of interest to investors (EUR 850 186 for investments in regular loans and EUR 641 439 of accumulated interest for investments in war-affected short-term loans).”
PeerBerry’s portfolio amounted “to EUR 117.38 million at the end of September.”
1001 new investors have now “joined the platform last month. Currently, PeerBerry has over 74 550 verified investors.”
Since PeerBerry’s inception, PeerBerry investors have already “funded EUR 2.1 billion in loans on the platform.”
Under the Group guarantee mechanism “in 19 months of the war, PeerBerry business partners have already repaid EUR 45.52 million or 90.64% of the total outstanding war-affected obligations.” The remaining war-affected amount “will be repaid monthly until all war-affected obligations are covered in full.”
As reported, another business partner, Smartcredito from Spain, joins the PeerBerry platform.
Smartcredito will offer PeerBerry investors investments “in short-term loans with a 10% annual return.”
Loans provided by Smartcredito to PeerBerry investors “include a buyback and a group guarantee.”