Here is the most recent update of our loan book report. It looks at all loans originated up to 31st December 2017.
Overall, Q4 was strong and brought total loan orgination for 2017 to more than €24.1 million. This is greater than the previous 4 years combined.
We’ve made some slight changes to the loan book report this time. The default definition has been reduced from loans late 120+ days to loans late 90+ days.
This change has been introduced in response to lender feedback and to align defaults more closely with the other categories listed in the report.
Change in calculation method aside, the default rate has increased since the last report. The platform-wide rate now stands at 1.01%.
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.