PeerBerry nears full repayment of war-affected loans to investors

PeerBerry will have repaid all war-affected loans to investors by the middle of next month.

The European peer-to-peer lending marketplace has been steadily repaying loans that are impacted by the Russia-Ukraine conflict over the past two years.

Some funds remain 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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PeerBerry said that one of its lending partners, Gofingo Group – a Ukraine-based lender specialising in consumer and business loans – today repaid its investors €350,000 (£291,959) in war-affected loans.

The repayments are processed on its platform in the middle of each month, with the last repayment scheduled for 16 December.

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The law war-affected obligations will from Aventus Group, totalling €69,624, and obligations from Gofingo Group lenders Zecredit, EuroGroshi, and Gofingo Ukraine, which amount to €287,203.

“Since February 24, 2022, PeerBerry business partners have, in total, repaid PeerBerry investors €50.2m or 99.9 per cent of the total outstanding war-affected obligations, of which Aventus Group has repaid €40.39m [and] Gofingo Group has repaid €9.88m,” the firm said in a blog post on its website.

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