PeerBerry’s business partners – real estate developers Lithome and SIB Group– have now reportedly repaid investors two loans totaling €1.79 million with interest.
As noted in a blog post by PeerBerry, Lithome has repaid a one-year term loan of €750,000 (the real estate project “Baltupio 51a”) and paid our investors € 70,731 in interest.”
SIB Group has repaid “a two-year term loan of €800,000 (the real estate project “Krokuvos” and paid our investors €172,061 in interest.”
The gradually growing PeerBerry portfolio, which currently amounts “to €109,99 million, shows expanding investment opportunities for our investors.”
PeerBerry portfolio declined “to €106,1 million after delisting Polish loans from the platform at the end of 2023.”
To replace Polish loans, they have offered their investors to invest in various loans; also, PeerBerry claims to have “started funding lending businesses” in Colombia and other regions through 3-month term business loans offered by Aventus Group.
Although PeerBerry’s portfolio is growing, they need “lower volumes of new loans this month to maintain further gradual growth, which is a temporal and quite unusual matter on our platform.”
This situation arose because more of their investors “have invested in longer-term loans, including 3 months term business loans.”
In the beginning, longer-term investments “require a lower frequency of repayments, which is convenient for investors as it requires less effort to reinvest funds more often.”
Accordingly, lower volumes in repayments “require fewer new loans for reinvestment.”
Under the current dynamic of invested funds and planned repayments, they forecast that this month, they will, in total, “need to offer investors about €50 million of loans to ensure further sustainable growth of their portfolio.”
Their business partners in all countries “must comply with local regulatory requirements, which change over time.”
Loan companies must adapt “to new requirements, which sometimes also impact the loan supply on our platform.”
New regulatory requirements for companies “issuing short-term loans have recently come into force in Kazakhstan.”
It includes some adjustments in “the assessment procedure for borrowers and may partly affect the duration of loans.”
They may temporarily “have slightly smaller volumes of Kazakh short-term loans on the platform, and later, they may see more longer-term Kazakhstan loans on the platform.”
Apart from short-term lending and leasing companies, Aventus Group has “a factoring company in Kazakhstan that funds local businesses.”
They will likely onboard this company “to the platform in the coming months, so you can also benefit from investing in its business.”
Their partners in all countries “are growing, and we expect larger volumes of loans.”
In Q2/Q3, they plan to “onboard more lenders from such countries as Romania, Spain, Mexico, and the Philippines.”
This will ensure more proportional volumes of loans “from different countries and more possibilities for our investors to invest in.”
Currently, they offer their investors to invest in loans “issued in 12 countries. 22 legal entities offer investments in loans on our platform.”
Recently, Gofingo Group also repaid PeerBerry investors €200,000 in war-affected loans.
These repayments are being processed “on the PeerBerry platform every month in the middle of the month.”
Aventus Group’s war-affected long-term loans “are repaid monthly under the initial loan schedules.”
In 26 months of the war (since February 24, 2022), PeerBerry business partners “have, in total, repaid PeerBerry investors €47.63 million or 94.84% of the total outstanding war-affected obligations,” of which:
- Aventus Group has repaid EUR 40.04 million,
- Gofingo Group has repaid EUR 7.59 million.
The remaining war-affected obligations on the PeerBerry platform:
Aventus Group’s war-affected long-term obligations (AutoMoney and Slon Credit Ukraine) amount to €0.42 million.
These loans are being repaid monthly “under the initial loan schedules.”
Gofingo Group’s war-affected short-term obligations (Zecredit, EuroGroshi, and Gofingo Ukraine) amount to €2.57 million.
Gofingo Group will continue “covering its war-affected obligations in the middle of each month.”
Compared to other war-affected platforms, PeerBerry is the first and the only investment platform in the entire market “that fully repaid war-affected RU loans (totaling €20.27 million of the invested principal amount) with no losses to investors.”
Also, PeerBerry partners already repaid “the most significant amount (totaling to €27.36 million) of UA war-affected loans compared to the competition.”
If there is no new major turbulence, it is realistic that their business partners “will fully cover their war-affected obligations before the end of 2024.”
