PeerBerry loan volumes rose again in August
PeerBerry saw its loan volumes rise by 17 per cent in August, continuing a streak of month-on-month increases.
More than €45m (£38.94m) of loans were funded on the European peer-to-peer lending platform in August, up from €38.69m in July and €37.16m in June.
By the end of August, the platform had 58,878 investors earning an average annual return of 11.09 per cent.
PeerBerry has now funded more than €1.3bn in cumulative lending since the platform was founded in 2017.
The platform allows investors to choose from a number of loan originators based in Poland, Moldova, Romania, Kenya, Czechia, Sri Lanka, Philippines, Vietnam, Lithuania, Kazakhstan, Ukraine and Russia.
Read more: Lendermarket investor interest payments near €6m
Since Russia’s invasion of Ukraine on 24 February 2022, PeerBerry has been working to repay all loans that could be impacted by the war. The lender pledged to complete the repayments within 24 months, but now believes that it may be completed more quickly than that.
In August, PeerBerry business partners repaid more than €1.7m of war-affected loans in total. To date, PeerBerry partners have recovered 42.49 per cent of war-affected obligations.
The next repayment of war-affected loans is due to be processed in mid-September.
Read more: PeerBerry repays another €1.4m in war-affected loans