Loan portfolio overview (November of 2020)

November loan portfolio

November’s loan amount of €14,8M represents the second-biggest month in EstateGuru’s history, after the €15.2M done in October. Rather interestingly, the highest number of loans were issued in our newest markets, Finland and Germany, which collectively contributed 1/3 of the total amount. This bodes very well for the future in both these countries.

Although the economic situation is worsening and the second wave of CoVid-19 is ongoing, our borrowers’ financial positions remain strong, and repayment levels are sustainable. In November, €10,7M of principal was returned to investors. Our borrowers paid back 59 loans and the average return of repaid loans was nearly 11%.

In November, the recovered loans number increased to 43 and the default amount decreased by nearly €1 million. The main contributor to this change was the successful recovery of an Estonian development project in Tiskre which was successfully sold. Our risk team is working to lower the default rate to around  5% by the end of this year.

We will keep you informed about the credit portfolio quality on a monthly basis.