PeerBerry repays €1.8m of war-affected loans
PeerBerry business partners have repaid €1.8m (£1.54m) of war-affected loans.
As the platform continues its efforts to protect its investors from the impact of the Russian invasion of Ukraine, the European peer-to-peer lender has already repaid €40.68m (£34.84m) or 81 per cent of the total war-affected obligations towards PeerBerry investors.
Read more: Last month, PeerBerry repaid another €1.8m in war-affected loans
Ever since the Russian invasion of Ukraine in February 2022, PeerBerry has put a guarantee mechanism in place whereby the platform’s business partners agree to make repayments to investors in the middle of each month.
“As of today, 42.21 per cent or €21.2m (£18.1m) of war-affected loans are repaid already instead of 25 per cent planned to repay within six months at the beginning of the war,” PeerBerry said in a blog post on its website. “So, we are 17.21 per cent ahead of the initial plan, but we do not set new final dates to repay all war-affected loans as it may be irresponsible.”
Read more: PeerBerry war-affected loan repayments hit €34.8m
AutoMoney UA and Slon Credit UA long-term loans are being repaid under the initial loan schedule, and the last payments of these loans are being repaid with the accrued interest.
PeerBerry has a dedicated FAQ section on the website about war-affected loans, but investors have been urged to contact the platform directly if they have any further questions about the loan repayments.
Read more: PeerBerry pauses Vietnam loans, onboards new lenders