HeavyFinance has shared its latest performance review. In January, HeavyFinance says that it saw “a strong inflow of investments, with a total of €3.29 million committed.”
Meanwhile, HeavyFinance pointed out that € 3.34 million was used “to completely finance 78 farmer loans during the month.”
With this latest platform activity, HeavyFinance has revealed that their total loan issuance “reached €70.3 million since inception.”
To date, HeavyFinance noted that farmers have reportedly “repaid €35.15 million in principal to our investors, along with €7.18 million in interest and €1.47 million in delayed interest.”
In January of 2025, investors have received “€2.16 million in repayments, including €1.84M in principal, €207K in interest, and €116K in delayed interest.”
Looking ahead, European platform HeavyFinance has said that €0.69 million in repayments is “scheduled for February 2025.”
Based on the repayment schedule, “78.0% of loans are being paid on time or have already been repaid.”
Meanwhile, loans with a principal overdue by “more than 90 days amount to €9.79M representing 13.9% of the total issued amount.”
As of now, 82.2% of the payments have either “been made within the last 30 days or have already been fully settled.”
During Q2 of 2021, €4.01M of loans “were funded, of which €3.65M has already been repaid along with €661K of interest.”
€29K is overdue for less than “90 days and €304K is overdue for over 90 days.”
In January, 55 loans were fully “repaid to the HeavyFinance investors, which generated an average factual return rate of 14.76%. Notably, the factual return rate ranged from 33.87% to 10.7%.”
The total issuance for the loans amounted “to €1.92M.”
Investors received “€379K in interest and €45K in delayed interest for the loans that were fully repaid during January.”
During January 2025, €221.3K was “recovered from defaulted loans (loans, where the contract with the borrower is terminated and a hard recovery process was initiated) and distributed to investors.”
The total recovered funds from defaulted loans “amount to €3.76M.”
As noted in the update from HeavyFinance, principal amount that defaulted in 2021 H2 is “recovered in full with interest, resulting in a 109.94% recovery rate.”
