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.
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.