PeerBerry moves closer to full repayment of war-affected loans

PeerBerry has paid another €200,000 (£172,467) in war-affected loans to investors on the European peer-to-peer lending marketplace.

The latest payment was made by Gofingo Group, a Ukraine-based lender specialising in consumer and business loans.

Just over €4m remains to be paid from Ukraine-based loans on the PeerBerry platform. All Russia-based loans have already been closed off and investors have been paid in full.

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“In 22 months of the war, PeerBerry business partners Aventus Group and Gofingo Group have, in total, repaid PeerBerry investors €46.5m or 92.6 per cent of the total outstanding war-affected obligations,” said a PeerBerry representative.

“If there is no new major turbulence, it is realistic that our business partners will cover their war-affected obligations in full before the end of next year.”

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More than €20.27m has been recovered from war-affected loans in Russia since February 2022, with no losses to investors. A further €26.21m has been paid from war-affected loans in Ukraine to date.

Just a handful of Ukraine-based loans remain outstanding. Aventus Group loan originators AutoMoney and Slon Credit Ukraine continue to make monthly repayments in line with the original loan schedule. These loans amount to a total of €770,000, and each repayment of the principal is being repaid with the accumulated interest.

Meanwhile, Gofingo Group lenders Zecredit, EuroGroshi, and Gofingo Ukraine collectively have €3.38m outstanding. Gofingo Group will continue covering its war-affected obligations in the middle of each month. The accumulated interest will be repaid with the last repayment of war-affected loans.

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