I’ve been an investor on Iuvo Group for three years now, so it was about time I updated this review.
First, I’ll give you a bit of background information about the p2p lending platform. Then, I’ll tell you about my experience as an investor, the returns I’ve been getting and my detailed auto invest settings.
To finish things off, we’ll not only talk about what makes Iuvo Group unique, but also about areas where I see room for improvement.
Before we get into it, please remember that none of this is investment advice, just my personal opinion based on my own experience as an investor.
About Iuvo Group
Let me first give you a bit more background information.
The MFG group unites a lot of experience in the lending sector, starting with Easy Asset Management all the way back in 2005 in Bulgaria. After also entering other markets like Romania, Ukraine and Poland via different brands, the MFG Group was founded in 2015 as a holding company of all of these financial service providers.
As of 2021, the group owns a total of 14 brands, including Iuvo Group which was launched in 2017.
Iuvo Group currently offers P2P investments in the form of personal loans, mortgage loans, secured car loans, business loans, personal loans and short-term loans from 5 countries: Romania, Bulgaria, Poland, Spain, Russia, Latvia and Poland.
You can also choose in which currency you would like to invest: EUR, BGN, PLN, RUB or RON. I only invest in euro-based loans, as I don’t want to deal with foreign currency risk.
All the loans are issued with a 60-day buyback guarantee by one of the 10 currently active loan originators on the platform: EasyCredit, Fast Finance, VivaCredit, iCredit Romania, Ibancar, Adwisers, NordCard, Kviku, iCredit Poland and Access Finance.
The 60-Day Buyback Guarantee
If a borrower is more than 60 days (in some cases 30 days) late on his/her payments, the loan originator is contractually obligated to pay you back the money you invested into the loan.
That being said, a buyback guarantee or buyback obligation is only as good as the financial situation of the company that’s backing it. So it’s probably a good idea to have a look at the financial statements of the lending companies you’re planning to buy loans from before selecting which ones to include in your auto invest.
Luckily, you can find them via the loan originators list on the Iuvo Group website.
Personally, I try to stick to loans by the Management Financial Group and its subsidiaries for the most part. According to the last available financial statements, both the group itself as well as its 5 loan originators on Iuvo Group have all been profitable, which is great to see.
Iuvo Group also has a secondary market, where you can sell your loans early to other investors if you need access to your money before the end of the loan term. However, you should know that the platform charges a 1% fee when you successfully sell a loan there.
My Iuvo Group Experience
I started investing on Iuvo Group in the beginning of October 2018. My money is always fully invested as there are plenty of available loans.
As of October 2021, I have an account balance of 2.662€ and earned a total of 1.008€ in interest and late payment fees.
According to Portfolio Performance, here is my current internal rate of return on Iuvo Group: 12,74%
However, I need to mention that I also included my initial 90€ bonus in my return calculations. You can get a 1,5% bonus as well via the refer-a-friend program.
Without the bonus, my internal rate of return has been 11,80% p.a. so far.
Let’s have a look at my auto invest settings on Iuvo Group:
My Auto Invest settings
You can name your portfolio however you want. Just make sure the Portfolio size is larger than your current account value if you want the Auto Invest to work correctly.
I only invest in loans that offer an interest rate of at least 10%.
The Maximum investment in one loan is up to you. If you put it higher (eg. 100€), you might be fully invested faster, if you put it lower (eg. 20€), then you’re more diversified across a larger number of loans.
I prefer shorter installments of 7, 14 and 15 days, as I’ve found that these loans tend to perform the best.
In only want to buy current loans, not overdue ones.
And lastly, after you clicked Confirm, here is what your auto invest should look like when it is running correctly. If there is a ‘play’ symbol on the top right corner, you need to click it to Activate the Auto-Invest. You’re done!
Don’t worry if you don’t see too many available loans for your criteria right away. Just set up your auto invest and it will pick them up as soon as they’re released. New loans are added on a regular basis.
As I mentioned in the introduction, Iuvo Group isn’t perfect either. Let me explain.
428,6€ out of my funds on Iuvo have been stuck in recovery from the Polish business loan originator CBC (formerly known as KFP) since July 2020.
Iuvo Group is doing its best in Polish courts as far as the recovery is concerned, so I remain optimistic. Still, these things take some time and until it is resolved, those funds in my account are not earning any interest.
I also think that Iuvo should show these funds being in recovery in the dashboard underneath delayed loans. Right now, while they’re still included in the total account balance, I can only find them when checking the list of my investments and sorting by status.
Three years later, Iuvo Group is still one of my top 5 platforms, as it enables me to diversify my P2P investments into loans from Bulgaria and Romania from experienced, profitable lending companies.
Romania and Bulgaria are two countries that I have very little exposure to on other platforms.
Also, I really appreciate that the auto invest never requires my attention and reinvests my funds reliably. I never need to log in more than once per month for my monthly update.
That being said, nobody is happy to have some funds in recovery, so I’m hoping that case will be resolved soon. I’ll keep you updated!
How to Get a 1,5% Bonus
- Before registering, you need to request a referral to Iuvo Group here. It’s currently the only way to be eligible for a bonus on Iuvo Group.
- After receiving an invite, you get a 1,5% bonus when investing 1.000€ or more in the first 2 months after registration. The offer is capped at 150€ (10.000€ investment).
What was your experience?
Have you invested with Iuvo Group before? Do you have any questions or thoughts you would like to share? If you do, please share them below.
Also, if you’re looking for the video version, here you go (skip to 17:39 minutes).
- My Investment Tools
A list containing all my investments in P2P Lending, the brokerage accounts I use to buy ETFs, my speculative investments in Bitcoin and my free bank accounts. It even includes the tools I use for blogging and YouTube.
- P2P Bonus Offers
A collection of all the best, currently available bonus and cashback offers in the P2P lending space. Regularly updated.
Disclaimer: Investing involves risks of losses. You should always do your own research before investing into anything. Also, some of the links are affiliate links, which help support me, the website & YouTube channel. I only link to services I use myself, none of them are sponsored.