PeerBerry originator Litelektra, the Lithuania-based inexperienced vitality firm, has repaid a €1m (£857,000) mortgage and paid out €98,974 in curiosity to buyers.
Litelektra joined PeerBerry’s peer-to-peer lending market in December 2021, providing six-month renewable vitality enterprise loans with a ten per cent annual return for buyers.
Learn extra: PeerBerry originator Aventus Finance sees earnings and loans soar
The corporate produces photo voltaic and wind vitality, and has electrical energy provide agreements with state-owned corporations. Corporations buy vitality from Litelektra at an agreed value from one to 3 years, guaranteeing secure money flows.
The most recent compensation follows PeerBerry’s announcement in February that Litelektra had repaid a €300,000 mortgage to buyers, with €15,593 in curiosity.
Litelektra’s loans are secured by a buyback assure and a Gofingo Group assure.
Gofingo Group is one in all PeerBerry’s predominant companions and has signed further assure agreements with mortgage originators corresponding to Litelektra. If the originator turns into bancrupt, different Gofingo Group corporations will cowl all of the liabilities to guard buyers’ funds.
Learn extra: PeerBerry’s Polish originators report large earnings