The second quarter of 2019 was another record quarter for the platform in which we exceeded €12 million in lending and reached the €100 million milestone.
There was an increase in the platform-wide default rate this quarter to 1.27%. This increase was largely driven by three individual cases of borrower default; all are currently in the active recovery process and we are confident of delivering some positive recoveries through H2 2019 on these cases.
Despite the increase, we continued to have very strong collection and recovery results with over €79,000 recovered from long term defaulted borrowers in Q2.
Below you can see the full report for Q2 2019 which looks at all loans originated up to 30th June 2019…
If you ever have queries about a specific loan that you are involved in, please feel free to contact email@example.com. We are always happy to assist in any way we can.
Linked Finance connects great local businesses who need loans with thousands of individual lenders. This is about using technology to bring business lending back to basics; real people with savings lending to great local businesses at attractive interest rates. Businesses get the funds they need to grow, lenders make a fair return. Everybody wins!
If you need a loan to grow your business, talk to Linked Finance
Linked Finance is a trading name of Linked P2P Limited. Registered with the Companies
Registration Office in Ireland. Company number 491763.
Linked Finance is not covered by the Deposit Guarantee Scheme or the Investor Compensation Scheme in Ireland.
WARNING: Your returns may be lower than expected. Past performance is not indicative of
future results. If you lend to businesses on Linked Finance you may lose some or all of
money you invest.