My Isepankur Portfolio after 2 Months of Lending

Two month ago, when p2p lending service Isepankur opened up to investors from all EU countries, I started lending there. In this post I look at the status of the portfolio I have built so far.

I have deposited 4,000 Euro (approx. 5,200 US$) over the past weeks. The account currently has 254 Euro in cash, 215 Euro waiting in bids on loans to close and the majority of 3,580 Euro is invested in loans. I invested usually between 10 and 35 Euro per loan. The average interest rate of the loans is 25% and loan terms are between 1 and 36 months with most loans running for 24 months or longer. Most of the investments were done using the automatic bidding feature: About two thirds of the loans are fully funded by automatic bids the minute they appear on the marketplace. It is therefore necessary to use the automatic bidding, or these loans will be missed investment opportunities.


Screenshot of Account Overview

Repayments

So far nearly all repayments came on time. Of the few who missed a payment date, all but two repaid the next day. Currently only one loan (10 Euro) of my portfolio is a few days overdue. One loan was fully repaid early after only one month. In December I have scheduled repayments of 149 Euro which consist of 91 Euro principal and 58 Euro interest. In January – with more loans reaching first repayment date – repayments will rise to over 250 Euro. Isepankur offers monthly and daily charts forecasting cash flow.


Screenshot of Isepankur cashflow view for my portfolio showing payment dates and amounts in December

Statistics

The portfolio management has a statistics section that daily calculates the return on investment.

While it is much to early to get anything meaningful (my portfolio is just to young) I show a screenshot of the current result below. Isepankur calculates Return on Investment based on money that is invested in loans only. The cash sitting without interest in the account is not taken into the calculation, so that it is actually returning a higher value than if I would use XIRR to calculate ROI.

Conclusion

I am pretty happy with the user experience so far and I plan to reinvest any repayments and to deposit more funds. I will also raise my maximum bids on loans of the best credit grade from 35 to 50 Euro per loan. Isepankur has achieved accelerated growth of loan volume in the past two months and it looks like December will be a good month again.


Screenshot of the ROI Statistics on my Isepankur portfolio. The second chart from the top compares my returns to other lenders. The lowest chart shows my investment by issuing month and status (nearly all current, one loan issued in October was already repaid)

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3 thoughts on “My Isepankur Portfolio after 2 Months of Lending

  1. Thank you for interesting article. Very much interested to see new updates.

    interesting – what risk scores you accept for investments? only 1000 or less also?

  2. I have just started with isepankur and waiting results. I was a bit worried by this topic

    http://talk.zopa.com/index.php?showtopic=8201&st=20

    that is telling about quite big defaults in portfolio. However, in my understanding authors are lending to portfolios with risk score 500 (they mentioned exposure 0.5)

    As well, I was a bit irritated by the following topic:

    http://forum.isepankur.ee/f_postst1605_Estonia-tax.aspx

    Are you sure that there will be no Estonian tax on income?

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