PeerBerry war-affected loan repayments hit €34.8m
European peer-to-peer lending marketplace PeerBerry has repaid another €1.7m (£1.5m) of war-affected loans, bringing the total amount recovered to €34.8m.
The aggregator has been working to repay all loans which could be affected by the Russian invasion of Ukraine, since the conflict began in February 2022.
Read more: PeerBerry funds €55.3m of loans in February
Under PeerBerry’s group guarantee mechanism, it has now repaid 69.3 per cent of the total war-affected obligations towards PeerBerry investors.
The AutoMoney UA and Slon Credit UA long-term loans are being repaid under the initial loan schedule. The last payments of these loans are being repaid with the accrued interest.
Meanwhile, some of the war-affected long-term loans (long, business, real estate, leasing) are repaid in full already.
Read more: PeerBerry to reduce interest rates
Investors can see the progress of repayments of war-affected loans (the total repaid amount, the amount of remaining war-affected obligations, and repayments by separate lenders or groups) on the platform’s ‘statistics’ page. Information is about one day behind.
The repayments of war-affected loans are scheduled to take place monthly, in the middle of the month.
Read more: PeerBerry updates auto-invest function and app
