Author: wiseclerk

International P2P Lending Volumes February 2023

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The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Bondora*. The total volume for the reported companies in the table adds up to 261 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

international p2p lending volumes february 2023
Table: P2P Lending Volumes in February 2023. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Bondora*, Bulkestate*, Crowdproperty*, Debitum Network*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Heavyfinance*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Landlordinvest*, Lendermarket*, Mintos*, October*, Peerberry*, Proplend*, Robocash*, Swaper*, Twino*, Viainvest*.

Notice to p2p lending services not listed: Continue reading →

Heavyfinance Farm Loans Pay Proceeds from Carbon Credits Sales Instead of Interest

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Heavyfinance* is a P2P platform where investors can lend to farmers, often secured by farm machinery. Recently, Heavyfinance* launched a new type of loan, which they have named “Green Loans“. The idea is that farmers cultivate their fields using climate-friendly methods (‘carbon farming‘). In the process, carbon emissions are reduced so that they receive carbon credits. Investors can invest specifically in loans that contribute to climate protection (‘carbon investing‘).

Unlike in ‘normal’ loans, the investor does not receive any interest, but in addition to the repayment of the loan, receives a share from the proceeds from the sale of the CO² certificates.

heavy finance green loan
Illustration: Example of a cash flow plan for a green loan.

As the picture of the example loan illustrates, this is a very long-term investment. Although the loan amount is repaid within 3 years, the proceeds from the certificate sale are paid till the 10th year. Heavyfinance* forecasts an annual yield of 17% to 56%, depending on the price of the carbon credits.

Pros for investing in Green Loans:

  • Support for climate-friendly measures
  • High return, if everything works out as Heavyfinance predicts.

Cons for investing in Green Loans:

  • No fixed interest rate, there is a risk that Heavyfinance’s forecasts are too optimistic
  • Very long-term investment, though loans can be traded on the secondary market
  • New model, no track-record so far

Incidentally, the farmer has a vested interest in the carbon certificates being issued and marketed, because he also participates. In the first 7 years he receives 60% of the proceeds (the investor 40%) and in years 7-10 80% of the proceeds (the investor 20%).

I asked Heavyfinance* how they deal with the risk that the farmer does not implement the climate measures after receiving the loan and thus no certificates can be marketed. In that case, the farmer has to pay penalty interest (10-13%) as agreed in the contract between Heavyfinance and him.

The certificates are not traded on a stock exchange. Heavyfinance* told me on request that they plan to sell them to carbon certificate traders who already trade in large volumes of carbon certificates. Another possibility is direct sales to selected large companies.

I will follow with great interest how the green loans at Heavyfinance* develop and what certificate proceeds are actually achieved.

The green loans are marked with a green background on the project overview page at Heavyfinance* and are therefore easy to see in the overview.

International P2P Lending Volumes January 2023

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The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Robocash*. The total volume for the reported companies in the table adds up to 287 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

international p2p lending volume january 2023
Table: P2P Lending Volumes in January 2023. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Bondora*, Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Heavyfinance*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Landlordinvest*, Lendermarket*, Linked Finance*, Mintos*, October*, Peerberry*, Proplend*, Robocash*, Swaper*, Twino*, Viainvest*.

Notice to p2p lending services not listed: Continue reading →

Bondora Sole Focus Now on Go&Grow Product

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P2P lending service Bondora* has announced that in future it will focus completely on its hands-off investing product Go&Grow. From February 27th, the products called Portfolio Pro and Portfolio Manager will be discontinued. These allowed investors to select into which individual loans they wanted to invest. Bondora originally started and grew big with investment into individual loans and only 2018 introduced the simplified Go&Grow product which soon became very popular (read my coverage on the start of the Go&Grow product written 5 years ago). Over the years Go&Grow became more and more important for Bondora as investors seemed to prefer the easy to understand product with a fixed interest rate. Bondora’s marketing was focused on this type of investing and also Bondora made it harder to invest into the Portfolio Pro and Portfolio Manager products in the last years by allocating less available loan amounts for investment to these products. In the last years it was no longer possible to invest relevant amounts via Portfolio Pro as allocated investment pieces were only 1 Euro into each loan.

bondora product changeTherefore it comes as no surprise that today’s announcement by Bondora states that currently 96% of all investments are made via Go&Grow. Bondora points out that Go Grow is very easy to use ‘As portfolio diversification is automated, you can just add money, automatically earn returns, and continue living your life. ‘. The Go&Grow product offers up to 6.75% interest (limited for existing customers) or in the Go&Grow unlimited version 4% interest (unlimited, new and existing customers).

The secondary market will continue to operate beyond Feb. 27th. It will still be possible to sell and buy individual loans just not to invest into new individual loans.

Bondora* is one of the longest operating p2p lending services in Europe. The platform has more than 215,000 investors according to the website. Investments are into the underlying consumer loans, which Bondora originates via its website to borrowers in Estonia, Finland, Sweden and the Netherlands. There are few comparable p2p lending services that offer one fixed rate to investors without any configuration/selection possibilities.

International P2P Lending Volumes December 2022

wiseclerk Leave a comment

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Robocash*. The total volume for the reported companies in the table adds up to 258 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

international p2p lending volume december 2022
Table: P2P Lending Volumes in December 2022. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Archover*, Bondora*, Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Heavyfinance*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Landlordinvest*, Lendermarket*, Linked Finance*, Mintos*, October*, Peerberry*, Proplend*, Robocash*, Swaper*, Twino*, Viainvest*.

Notice to p2p lending services not listed: Continue reading →

International P2P Lending Volumes November 2022

wiseclerk Leave a comment

The table lists the loan originations of p2p lending marketplaces for last month. Mintos* leads ahead of Peerberry* and Robocash*.The total volume for the reported companies in the table adds up to 336 million Euro. I track the development of p2p lending volumes for many markets. Since I already have most of the data on file, I can publish statistics on the monthly loan originations for selected p2p lending platforms.

Milestones crossed this month:

  • Soisy* crossed 100M EUR loans originated since launch

Investors living in national markets with no or limited selection of local p2p lending services can check this list of international investing on p2p lending services. Investors can also explore how to make use of current p2p lending cashback offers available. UK investors can compare IFISA rates.

p2p lending volume statistic november 2022
Table: P2P Lending Volumes in November 2022. Source: own research
Note that volumes have been converted from local currency to Euro for the purpose of comparison. Some figures are estimates/approximations.

Links to the platforms listed in the table: Archover*, Assetz Capital*, Bondora*, Bulkestate*, Credit.fr*, Crowdproperty*, Debitum Network*, Esketit*, Estateguru*, Finansowo*, Finbee*, Folk2Folk*, Geldvoorelkaar*, Heavyfinance*, Investly*, Iuvo Group*, Kuflink*, Kviku.Finance*, Landlordinvest*, Lendermarket*, Linked Finance*, Mintos*, October*, Peerberry*, Proplend*, Robocash*, Soisy*, Swaper*, Twino*, Viainvest*.

Notice to p2p lending services not listed: Continue reading →