10 April 2020
March 2020 - a month of adapting to new realities

We have no doubt that the current challenging time is causing you a lot of anxiety and various questions, possibly related to your work, your business, your finances. In such an indefinite period, it is extremely beneficial to have alternative sources of income. One of the most attractive ways to earn passive income now is to invest in P2P loans, which guarantees you a high return. We are glad that you trusted your investments to PeerBerry and we guarantee you that in this difficult time we will do our best to protect your investments and ensure you a high return.

Currently PeerBerry is probably the only P2P platform in the European market which, during this economic downturn, makes payments to its investors timely – straight after the request, without any delay. PeerBerry, together with its partners Aventus Group, Gofingo Group and Lithome, has made a very responsible decision to make every effort to ensure the best interests of our investors. PeerBerry partners have temporarily reduced lending or postponed the start of new projects purely in order to settle with investors, as we understand very clearly that in this difficult time, some of you may have the need to recoup your investment earlier.

“Due to current developments in international markets, caused by Covid-19 and the consequences of quarantine in March our partners listed about 33% less loans on PeerBerry than in February. Accordingly, less loans were funded in March – about 37% less than in February. Due to the increased uncertainty, we had increase in withdrawals what is very natural reaction of investors. On the positive side, it is worth to note that despite global investment uncertainty, 792 new investors joined PeerBerry in March. A part of investors increased their investment portfolios on our platform. This shows investors’ confidence in our organization” – explains Arūnas Lekavičius, CEO of PeerBerry.

It is also important to highlight that investing in P2P is most preferable, as other assets begin to lose in price and their demand falls. When international markets are exposed to various fluctuations, profits from investing in P2P loans remain very stable in comparison with other investment means like stocks, bonds etc. Although the present time is very turbulent, it is great opportunity to earn passive income investing in P2P.

The changes in March required an extremely consistent mobilization of PeerBerry business partners as well. PeerBerry loan originators reviewed and made necessary adjustments to the risk management process accordingly to the situation of the country, where particular loan originator operates. Aventus Group and Gofingo Group took responsible decision to apply an additional Group guarantee to all loans issued by Aventus Group and Gofingo Group to enhance an additional investments security for PeerBerry investors. In March, all business operations, both a PeerBerry and a business partners, were smoothly relocated to the remote work.

“We forecast that the volume of P2P platforms will continue to decline in April as the global economy slows down. Timely settlement with investors and ensuring investors’ investments security is our priority number one” – states A. Lekavičius.

In addition to other important works in April, PeerBerry continues to collaborate with Financial and Capital Market Commission seeking to becoming a regulated entity and obtaining the Investment Brokerage License.

The main PeerBerry figures for March 2020:

  • total loan volume originated since inception – 244 046 557 Eur;
  • loan volume originated in March – 12 191 537 Eur;
  • number of loans originated in March – 57 456 loans;
  • interest earned by investors since inception – 2 420 553 Eur;
  • interest paid to investors in March – 206 327 Eur;
  • average annual investment return – 13.01%;
  • average nominal interest rate of loans originated in March – 13.15 %;
  • number of investors at the end of March – 20 168.