PeerBerry business partners have repaid an additional €700,000 (£587,806) on war-affected
Ukrainian and Russian short-term loans and will pay a further €1.3m later this week.
The European peer-to-peer lending platform said this brings the total amount of repaid war-affected loans in April to €3.64m – significantly more than the planned amount of €1.3m at the start of the month.
Since the start of the war on 24 February, until 28 April, PeerBerry’s business partners had repaid €12.34m on war-affected loans. This is a quarter of the total war-affected obligations towards the platform’s investors. Ukrainian and Russian lenders’ total obligations towards PeerBerry investors before the war was €50.22m.
Peer2Peer Finance News understands the next repayment of war-affected loans will be this week when €1.3m will be repaid to the platform’s lenders.
Aventus Group’s obligations towards investors total €11.26m in Ukraine and €18m in Russia, while Gofingo Group in Ukraine owes PeerBerry investors €8.57m.
Both companies will gradually repay war-affected loans monthly, rather than quarterly as planned at the start of the war.
In March, the platform set up a dedicated webpage for war-affected loans, and said Aventus Group and Gofingo Group were predicted to repay all investments in Ukrainian and Russian loans within two years.
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