The first quarter of 2019 was another record quarter for the platform with €11.3 million in business loans issued to Irish SMEs.
I’m also pleased to announce that there was a slight decrease in the platform-wide default rate which fell from 1.1% in Q4 2018 to 1.05% this quarter.
In addition, we continued to make progress on recoveries and missed payments. We recouped more than €104K in arrears from loans more than 30 days late and we also brought 10 long-term default loans fully up to date.
Below you can see the full report for Q1 2019 which looks at all loans originated up to 31st March 2019…
If you ever have queries about a specific loan that you are involved in, please feel free to contact firstname.lastname@example.org. We are always happy to assist in any way we can.