In May, although we experienced a temporary dip in repayments, recoveries, and funded amounts, there were several positive developments. We secured a new contract with an institutional investor who has already started to invest, and we witnessed a 6.74% increase in new investor registrations compared to April (935 compared to April’s 876 registrations).

Loan origination

Out of all €6.3 million funded in May, the largest amount this month came from Estonia – €3.2 million and Lithuania was the second largest with €1.4 million.

Loan origination over a 6-month period

Repayments and recoveries

In May, investors received €7.3M from repaid and recovered loans (including interest, bonuses, penalties and indemnities). Most of the repayments came from Estonia. In addition to recovered defaulted loans, several other problematic loans from Germany and Finland with principal amounts of €1.3M were successfully paid back to investors.