19 April 2022
PeerBerry restores regular monthly payments on Ukrainian long-term loans
PeerBerry restores regular monthly payments on Ukrainian long-term loans. Monthly payments on Ukrainian long-term loans were suspended a month ago – on March 15. Suspended payments (from March 15 to the end of April) will be refunded to investors till the end of April. Coming payments on long-term loans will be repaid under the loan schedule every month.
In this way, EUR 171 324 of the war-affected Auto Money UA loans and EUR 265 531 of the Slon Credit UA loans will be repaid to investors in April – in total EUR 436 855.
On April 13, partial repayments on Aventus Group real estate loan and Gofingo Group business loan have been done – EUR 150 000 was repaid to cover part of these loans.
On April 6, EUR 1,2 million of the Group’s profits/reserves have been used to make partial repayments of Ukrainian and Russian short-term loans.
The total amount of repayments on war-affected loans in April will be EUR 1,79 million (instead of the planned EUR 1,3 million at the beginning of April).
From the start of the war (during March and April), PeerBerry business partners repaid EUR 10,49 million of war-affected loans.
Important to know about war-affected loans repayments
- Aventus Group and Gofingo Group will gradually repay war-affected loans monthly (not quarterly as planned at the beginning of the war).
- AutoMoney UA and Slon Credit UA loans in the coming months will be repaid under the initial loan schedule. Keep in mind, that only the principal amount will be repaid under the loan schedule as the accrued interest rate will be repaid at the very end of the schedule.
- Aventus Group real estate loan and Gofingo Group business loan will be gradually repaid monthly under the war-affected loans repayment plan following the proportionality method.
- Ukrainian and Russian short-term loans will be gradually repaid monthly under the war-affected loans repayment plan following the proportionality method.
- The proportionality method means that during each partial repayment of war-affected loans, each investor receives a certain share of their investments. The higher the amount of investments in UA/RU loans, the higher the amount of the repayment. The aim is to gradually repay part of UA/RU investments to all investors.
- All the interest rates accrued for the war-affected loans will be paid at the very end of the repayment. I.e., invested funds will be gradually repaid, and after all the invested principal amount is repaid, the accrued interest repayment will follow.
- We want to remind you that interest rates on war-affected loans will be calculated for a limited period. Interest rates for short-term loans will be calculated for the initial loan term plus 60 days of the delay (after 60 days, no interest will be accrued/paid). Interest rates for long-term loans will be calculated for the term till the nearest scheduled payment (under the loan schedule) after suspension (March 15) plus 30 days.
- If the business in Russia continues keeping a positive development trend, the RUB exchange rate will stabilize, and there will be normal conditions to convert RUB to EUR, Aventus Group may consider continuing accrual of interest rates/paying interest for the further period of Russian loans delay (more than 60 days late) until the transfer of funds from Russia is possible.
- Until no transfers of funds are available from the Ukrainian and Russian markets, PeerBerry’s business partners will use a part of its profits to gradually repay war-affected loans.
- The conservatively planned repayment period to repay war-affected loans is 24 months. After transfers of funds from Russia and Ukraine are possible and depending on the overall Group’s profitability, this period may decrease.