PeerBerry business partners are fully capable to overcome economic downturn

The operational health of each P2P platform
is very closely linked to their partners – loan originators. Depending on how
professionally the business of loan originators is managed, what is the focus
on risk management and what is the financial capability of the partners, this
all has a direct impact on the reliability and stability of the P2P platform as
well.

PeerBerry cooperates with three business
partners:

  • Aventus Group – share of loans on PeerBerry amounts 80%;
  • Gofingo Group – 15% share of loans;
  • Lithome – 5% share of loans on PeerBerry.

Let’s look at the key performance figures of each PeerBerry business partner for the date 1st of March 2020 (1st of March 2019 – 1st of March 2020):

The Net loan portfolio of Aventus Group and
Gofingo Group is more than twice higher than the debt of these companies. This
proves that PeerBerry business partners are fully capable of covering all the
liabilities to investors.

As it was announced earlier this month, in
response to recent developments in international markets, PeerBery and its
partners made following adjustments in business strategy on purpose to maintain
business sustainability and to ensure investors protection. Read
more information here
.

In the light of recent global challenges, the management of PeerBerry,
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. More about additional Group guarantee read here.

In the beginning of this year Aventus Group, Gofingo Group and Lithome have announced preliminary financial
results of 2019. As it was officially stated in the announcements, we plan to have financial statements of 2019 ready till
the end of H1 of 2020. Financial statement of each loan originator, which
participate in P2P, will be published on PeerBerry website.

The post PeerBerry business partners are fully capable to overcome economic downturn appeared first on Peerberry.

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