P2P lending news for September 2017

September is almost gone… Here are the news I gathered from various sources regarding the websites I use for P2P lending.

Swaper interface improvements

“We are planning to move towards combining Portfolio investment tool with Auto-Invest tool into one – Auto-Invest Portfolio. The improved feature will cater to both types of investors – those looking to specify their own criteria for investing and to those looking for a one-click investing experience without adjusting many details” (Swaper newletter)

That’s a welcome change, and will make their user interface even easier to use ! As of this writing, the change hasn’t been pushed in production yet.

Swaper auto-invest change

“Currently, when creating Auto-Invest schemes investors are able to specify ‘investment in one loan’, i.e. how much will be invested into a single available loan. This will be replaced with ‘max investment per loan’. (…) This change also means you do not need a lot of Auto-Invests to ensure your money gets invested. With one active Auto-Invest your money is just as likely to be invested as with ten (assuming same selection criteria).” (Swaper newletter)

Yet another important improvement. With the improved loan volume, will this be the end of the troubles with Swaper ? Time will tell !

Swaper loyalty bonus changes

“We have rolled out the planned changes to our Loyalty Bonus. As announced last month, to obtain the +2% bonus to your investments your account value needs to be 5000 EUR (or equivalent in GBP or PLN) or higher for three consecutive months. Similarly, if your total account value drops below 5000 EUR (due to withdrawals) for three consecutive months the bonus is revoked.” (Swaper newletter)

New Bondora feature : “Remove loans from sale when borrowers make payments”

“This week we introduced a new feature which allows you to remove your investments from sales when a borrower makes a payment. (…) Once you activate the feature, you can be confident that you’re selling loans on the assumption of up-to-date payment information. If any payment is made, the loan will automatically be re-evaluated and cancelled from the Secondary Market sales.” (Bondora blog)

New Russian originator for Twino

“We have increased the Russian loan supply by adding our second originator. Already more than EUR 1.5 million have been funded during this time.” (Twino newsletter)

Note that this actually took place in August but was only announced in September

New issuer in Bulgaria for Mintos

“The personal loans Cash Credit is set to offer investors on the Mintos marketplace will range from EUR 100 to EUR 1 000, with a repayment period of up to 18 months. The average net annual return to investors will range from 10 to 12%.” (Mintos newsletter)

It’s time to update your auto-invest yet again 🙂

 

P2P lending news for August 2017

Yet another month is over… I updated ViaInvest review in order to reflect the lowered interest rate currently offered.

Here are the news I gathered regarding P2P lending :

More Russian loans for Twino

“We are excited to announce that starting from this week you will see a significant boost in our Russian loan volumes. (…) These are short-term loans with maturity of 1 – 2 months, BuyBack Guarantee and interest rate of 10-11% per annum.” (Twino newsletter)

More loans for Swaper (finally !)

 “Demand for investments on our platform has for some time now been higher than the amount of loans available. We recognize that this leads to cases where some investors are left with money sitting idle on their Swaper accounts. Currently, we are putting around 2 million euros worth of new loans up for investment every month, which is about a 100% increase from where we were at the beginning of the year.” (Swaper newsletter)

Mintos adds loan in Romania and Bulgaria

The following excerpt is valid for both countries :
“The new loans Mogo will place on the Mintos marketplace will range from EUR 500 to EUR 10 000, with a repayment period of up to 72 months. The average net annual return to investors will range from 8 to 14%. Loans with and without the buyback guarantee will be offered.” (Mintos newsletter)

New originator in Latvia for Mintos

“The Mintos marketplace now features consumer loans issued in Latvia by MoneyMetro. (…) MoneyMetro loans placed on the Mintos marketplace will average EUR 400 and have a repayment term of 12 months. The annual net return to investors is expected to reach 11.5%. The loans will be supplemented with a buyback guarantee covering loans delinquent for more than 60 days.” (Mintos newsletter)

African loans in Mintos

“The average Botswana-issued loan GetBucks will place on the Mintos marketplace is EUR 250, with a repayment period of 30 days. The average annual net return to investors will reach 11%. GetBucks will provide a buyback guarantee for loans that are delinquent for more than 60 days” (Mintos newsletter)

Russian loans on Grupeer

“Each loan is issued based on a separate agreement for a period of 2 to 3 months. Loan currency is euro. The interest rate offered to investors is 15% per annum.(…) To secure your investments, Grupeer Platform has applied the following measures: BuyBack guarantee in case of payments delay for more than 15 days.” (Grupeer newsletter)

Grupeer : 1.5% cashback  on development loan

I found out that new investments in the currently listed development loan, offering 13% interest rate, will get 1.5% cashback. This offer is good until September 30th, 2017. (Grupeer website)

New Georgian originator for Mintos

“The average Georgia-issued loan ID Finance will place on the Mintos marketplace will be EUR 1000, with a repayment period of up to 12 months. (…) The annual net return offered to investors will reach 16%. The loan originator will offer a buyback guarantee for loans that are delinquent for more than 60 days. In July 2017, the share of non-performing Solva loans was 4%.” (Mintos newsletter)

New originator for Mintos in Czech Republic

“Czech Republic-issued Creditstar loans on the Mintos marketplace will range from CZK 1 000 to CZK 19 000, with a repayment period of up to three months. The average net annual return to investors will reach 12%.
Creditstar will offer a buyback guarantee for loans that are delinquent for more than 60 days.” (Mintos newsletter)

 

P2P lending portfolio review for July, 2017

Month overview

Unlike my Collective2 portfolio, my P2P lending portfolio’s life was rather uneventful this month (and I don’t complain about it 🙂 ).

I added some more funds to Omaraha and I’m nearly reaching my target portfolio size. I still have to decrease ViaInvest size, but I’m waiting for the principal to be reimbursed.

Current performance

Omaraha

XIRR at the end of July was 27.6%. Details by country are : Estonia 27.5%, Slovakia 30.7%, Finland 34.9% (very new and small).

I’m starting to see more defaults, but currently their rate (0.7%) mirrors the overall default rate for comparable loans.

I’m still planning to increase my portfolio size a bit, although I have troubles investing it all with a relatively small loan size (20€). I also probably should spend some time studying my statistics by country more closely (XIRR versus default rate) in order to have a better allocation between Estonia and Slovakia. Unfortunately Omaraha doesn’t provide the statistics as CSV files, so it will be a painful task !

Bondora

XIRR for Bondora‘s portolio was 18.07%. I invested a lot in poorly-rated loans with high interest and of course many defaulted, so I’m curious to see what the recovery rates will be like.

I may start playing with the “Portfolio pro” feature in order to increase my returns.

Grupeer

Grupeer doesn’t provide a XIRR computation but all my loans offer 13% or 14% interest rates.

Mintos

XIRR for Mintos was 12.18% for secured loans in Euro and 16.76% for Lari (Georgia). Unfortunately for now, the poor exchange rate totally negates this XIRR difference.

Swaper

XIRR of my Swaper portfolio was 11.84%. I’d love to increase my portfolio size a bit, but until recently this P2P lending site had troubles investing the whole amount, so I’m not totally sure about this.

ViaInvest

XIRR reached 12.74%, which is surprisingly high. However, it looks like all new loans only offer a 10% interest rate. I may thus decrease my portfolio size even more and split this money between Grupeer and Swaper.

Twino

XIRR is 10.23%; I’m in the process of moving all my funds out of Twino as the low returns doesn’t justify keeping an account there.

Current allocation

I’m probably over-invested in Omaraha, but paradoxically I’m still planning to increase its portfolio size a bit.

Once I reach my target size, my Grupeer portfolio should be my next target for growth.

Current allocation between P2P lending websites

New platforms

I’m always looking for new opportunities to diversify my portfolio.

After some due diligence, I may invest a starting amount in Monestro. Loans volume is low and the usability is, let’s say, perfectible, but it seems promising.