Loan repayments and recoveries on Estonian peer-to-peer lending platform Estateguru reached their highest level this year in June, its latest figures show – more than doubling compared with May.
Investors received a total of €11.26m (around £9.8m) in repayments in June, with €8.31m coming from performing and fully repaid loans and €0.83m distributed as interest income.
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That was a significant jump from €5.21m repayments in May.
Meanwhile, the platform originated €5.77m in June, the strongest month in Q2 of this year and a significant recovery compared with May, when it originated €3.65m.
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The platform said application volumes also improved, with conversation rates normalising.
Latvia was the most active market, with €2.05m of loans issued, closely followed by Estonia with €1.93m.
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“Loan repayments and recoveries reached their highest levels so far this year, while investor appetite for our forthcoming EG Grow product exceeded initial projections, and the waitlist continues to grow by the day,” the firm said.
