PeerBerry works on war-affected loans webpage after €8.5m repayment
PeerBerry is working on a dedicated webpage for war-affected loans, and revealed that its loan originators have repaid over €8.5m (£7.1m) from Ukrainian and Russian loans to its investors since the war started.
The European lending marketplace said that its originators are looking to recover part of their funds from Ukrainian borrowers but not earn profits. They are not asking borrowers in the country to pay interest.
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PeerBerry said its lending companies Aventus Group and Gofingo Group forecast that all investments in Ukrainian and Russian loans will be repaid within 24 months.
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“There are still many uncertain aspects that depend on how this war will develop, but the projection to cover all Ukrainian and Russian loans within 24 months is realistic,” PeerBerry said.
“If the war ends soon, war-affected investments will likely be repaid sooner…
“For better tracking/for your convenience, we will display war-affected loans separately from performing investments.”
PeerBerry added that none of its war-affected loans are more than 60 days late and a small portion recently entered the 16-30 days late-term.