I started investing in peer-to-peer lending market in August 2019 and since then I experiened a couple of ups and downs. In particular, COVID-19 pandemic is wreaking havoc in the sector, with some of the lending platforms struggling to maintain liquidity or at least getting money back from loan originators, which is partly due to new regulations (such as the one by Polish government, which allows prolonged delays in loan repayments by the originaors). This is why a few months ago I reduced my exposure to P2P lending. Now, however, the situations is gradually improving and I’m thinking of at least returning to my previous highs of invested amounts. I’m going to tell you more about my selection of P2P platforms in the nearest future and probably prepare a couple of reviews for my favourite platforms.
Regarding the below summary, this month I’ll only show you the overall profit. Next time, I’m going to add m/m profit as well. Here are my current holdings.
|Average interest rate (%)
One of most popular peer-to-peer lending platforms, easy to use (just set up your investment strategy) and all loans come with a BuyBack guarantee. I had no issues with the platform during the COVID-19 crisis.
Continue reading “P2P lending portfolio update: September 2020”