PeerBerry repays investors €200,000 in war-affected loans

PeerBerry, the European peer-to-peer lending marketplace, has repaid its investors another €200,000 in war-affected loans.

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

A little under €3m 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.

Read more: PeerBerry loan volumes rose by 50pc last year

“In 26 months of the war, PeerBerry business partners [Aventus Group and Gofingo Group] have in total repaid PeerBerry investors €47.6m or 94.8% of the total outstanding war-affected obligations,” PeerBerry explained in an update.

Aventus, a group of digital loan providers which operates across the world, has repaid a little over €40m, while Gofingo has repaid €7.6m.

Aventus’s war-affected long-term obligations, via loan originators AutoMoney and Slon Credit Ukraine, amount to €0.42m, and each repayment of the principal is being repaid with the accumulated interest.

Read more: PeerBerry to onboard “at least” 10 new lenders in 2024

Meanwhile, Gofingo Group lenders Zecredit, EuroGroshi, and Gofingo Ukraine collectively have €2.6m 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.

“If there is no new major turbulence, it is realistic that our business partners will fully cover their war-affected obligations before the end of 2024,” PeerBerry noted.

Read more: PeerBerry moves closer to full repayment of war-affected loans