PeerBerry repays all war-affected Russia loans with no losses
PeerBerry has repaid 100 per cent of its war-affected Russia loans with zero losses to investors.
A total of €20.27m (£17.55m) has been recovered for investors in Russia-based loans, making PeerBerry the first and only investment platform to successfully recover its Russian obligations.
PeerBerry has also reported that it has repaid the “most significant amount” of Ukraine-based war-affected loans, when compared to its competition. More than €25.59m has been repaid on Ukrainian loans which have been impacted by the ongoing war.
This means that PeerBerry’s investors have now recouped €45.86m or 91.3 per cent of the total outstanding war-affected obligations.
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There are just a handful of remaining war-affected loans on the PeerBerry platform. They include Aventus Group’s long-term loans to AutoMoney and Slon Credit Ukraine, which together amount to €980,000.
“These loans are being repaid monthly under the initial loan schedules,” said a PeerBerry representative.
“Each last repayment of the principal amount is being repaid with the accumulated interest.”
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Meanwhile, Gofingo Group has outstanding loans with Zecredit, EuroGroshi and Gofingo Ukraine amounting to €3.78m.
“Gofingo Group will continue covering its war-affected obligations in the middle of each month,” added the PeerBerry representative. “The accumulated interest will be repaid with the last repayment of war-affected loans.”
PeerBerry added that as long as there is “no new major turbulence,” it expects its business partners to have covered their war-affected obligations in full before the end of next year.
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