Bondora Group has released key platform stats for the month of August 2024.
According to the update from Bondora, August was another “record-breaking month at Bondora Group.”
After investors made the most out of the One Billion Celebration campaign, investments sky-surged once again “to set a brand-new record.”
On the individual credit market level, the Netherlands and Latvia also “exceeded their previous loan origination records.”
In August, 1,843 more people created investor accounts with them.
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Bondora has thanked everyone who joined their one billion celebration. During the entire campaign, Bondora investors “added €40.2 million to their Go & Grow accounts.”
This leads them to the total amount you invested during August: a grand €28,478,639.
This breaks the record that was “set in July and is now the highest invested amount per month.”
The Bondora investor community earned “a total of €2,481,252 in returns in August.”
As they mentioned in another article recently, it’s essential to mark your milestones as you continue “on your financial journey to achieving your goals.”
With Go & Grow, the annual return rate is “up to 6.75% p.a. for investments up to the monthly limit and up to 4% p.a. for amounts exceeding the limit.”
As of 9 September, you can now earn up to 6.75% p.a. on your entire Go & Grow portfolio PLUS any extra amount you “invest over the monthly limit.”
While returns are not guaranteed, investors have consistently “received the full possible return on their investment since the launch of Go & Grow in 2018.”
The returns you earn are paid into your Go & Grow daily.
And, because Go & Grow has a compound interest rate, you receive “interest on the returns you have already earned.”
Over time, the compounding effect will grow your returns “even more significantly as your returns continue to compound.”
In August, €27,271,887 was originated in loans “across all their active markets.”
After breaking our overall record of loan originations in July, they are marking “two new records on the individual market levels in August.”
€6,859,008 worth of loans were originated in the Netherlands.
This is a 5.7% increase from July and a new record for the “highest monthly loan originations figure in the Dutch market.”
In Finland, loan customers originated €15,524,047 worth of loans, “a 25.1% decrease from July.”
In the Estonian market, there were €4,853,948 “in loan originations—a 15.4% decrease from July.”
Once again, Bondora Group’s most recently launched credit market, Latvia, is showing promising growth, “with originations increasing by 36.5% to €304,884 in August. This is now Latvia’s highest-ever origination statistic.”
Finland continues to hold the title as the market “with the largest share of loan originations, 55.9%.”
For the second month in a row, the Netherlands holds its position “as the second-largest credit market, with 25.2% of all originations, while Estonia has a 17.8% share.”
Latvia continues to be in fourth place “with a 1.1% share of originations.”