p2p lending income august 2020 v2

It’s about time I share my monthly income from investments for August 2020! This was another month without dividend income, so this update will be only about peer to peer lending.

We’ll take a look at how all of my investments in P2P lending performed last month and go over noteworthy events for each platform, in case there were any.

On a personal note, please let me apologize for being late with my monthly update. My wife and I went to Rome, to spend some time with my grandma and part of my family. We figured we should go right away, while travel is still possible (as who knows, nowadays…).

Anyway, let’s get to the numbers!

P2P Lending Income – August 2020 Overview

PlatformIncomeIRRInvestedValue
Iuvo Group24,44€13,65%1.857€2.670€
Mintos137,63€13,01%9.005€10.538€
Bondora G&G13,13€6,67%2.901€3.148€
Crowdestor48,38€9,47%6.200€6.744€
Viainvest23,54€12,00%2.500€2.688€
Lendermarket29,86€13,07%3.000€3.280€
EvoEstate0€0,92%630€633€
Mintos I&A0,86€10,68%133€235€
Swaper0,28€13,66%0€0€
Total278,12€26.226€29.986€*

*includes 110€ profit withdrawal (Swaper) and 60€ exit fee (Wisefund)

Lessons learned along the way

PlatformInvestedValue
Envestio2.807€0€*
Monethera1.028€0€*
Grupeer2.825€0€*
Total6.660€TBD*
*Counted as a loss for now, I’m hoping to recover some funds. See links for details.

My Monthly Income (Total)

p2p lending income august 2020
  • Total Investment Income (Aug. 2020): 278,12€ (-36,16€)

With this amount, I’m currently at 18,54% of my goal, which is 1.500€ monthly income from investments.

I received no dividends from my two ETFs in August, as the next distribution will likely be this month or in early October.

Ok, let’s take a look at my P2P platforms one by one.

Iuvo Group

iuvo group income august 2020
Note: Oct/18 shows my 90€ refer-a-friend bonus
  • Income (Aug. 2020): 24,44€ (-3,15€)
  • IRR13,65%
  • Invested since: 05.10.2018

As was announced the month before, Iuvo Group initiated legal action against the loan originator KFP (now CBC), by submitting a letter of claim to the court in Poland, in order to recover the originators outstanding payments to investors.

Personally, I have 428,6€ worth of outstanding CBC loans, so I’ll keep you updated on the situation.

iuvo group august 2020

Mintos

mintos income august 2020
  • Income (Aug. 2020): 137,63€ (+45,39€)
  • IRR13,01%
  • Invested since: 27.09.2018

At first glance, this was the best earning month for me on Mintos.

However, my pending payments (which have now been split up into the two categories Pending Payments & In Recovery for more clarity) increased by 871,82€ compared to the month before.

Like many other investors, I’m not too happy about the percentage of my Mintos portfolio that’s currently in recovery and with the progress Mintos has made on getting that money back so far.

At the same time, I do understand that the pandemic is making this process a lot harder, due to many different protective laws being in place in affected countries.

I’ll reserve my judgement for a couple of months from now. Hopefully the situation will have normalized by then.

mintos august 2020

Bondora Go & Grow

bondora go grow income august 2020
Note: I invested an extra 7.000€ for less than a month on Go & Grow during Sep/18
  • Income (Aug. 2020): 13,13€ (+1,32€)
  • IRR (incl. withdrawals): 6,67%
  • Invested since: 01.09.2018

I believe Bondora has been handling the last couple of months very well, especially compared to some other platforms.

bondora go grow deposits august 2020

As a result, I added 1.000€ to my Bondora Go & Grow account on August 25th.

bondora go grow august 2020

Crowdestor

crowdestor income august 2020
  • Income (Aug. 2020): 48,38€ (-71,42€)
  • IRR9,47%
  • Invested since: 03.04.2019

I seem to have celebrated Crowdestor‘s comeback a bit too soon in my last monthly update.

Since then, I’ve noticed a lot of late interest and loan repayments in my account. Considering how hard businesses have it currently, I don’t consider that a big issue in itself, but I think the platform has a lot of room for improvement regarding communication (eg. when there is a delay) with investors via its official Facebook group and via e-mail.

Hopefully Crowdestor will add a function to easily see which loans are late on its platform soon, instead of having to check each one individually to find out.

There is also at least one loan where there could be some issues with the borrower, so I’m a bit more cautious as far as business loans and Crowdestor are concerned for now. I will likely only add more funds to other platforms for now.

crowdestor august 2020

Viainvest

viainvest income august 2020
  • Income (Aug. 2020): 23,54€ (-4,64€)
  • IRR12,00%
  • Invested since: 11.10.2019

I don’t have anything special to report on regarding Viainvest, other than me being satisfied with how they have been performing over the past couple of months.

The VIA SMS Group, who provides all the loans on Viainvest, has always been very transparent about the company’s annual reports, which is a big reason why I like the platform.

Since the audited financial statement for 2019 was still missing, I reached out to Viainvest. They told me they’re waiting for the signatures from auditors, but the report should be ready soon.

viainvest august 2020

Lendermarket

lendermarket income august 2020
Note: Feb 1 includes the 1% Cashback
  • Income (Aug. 2020): 29,86€ (+1,09€)
  • IRR13,07%
  • Invested since: 21.11.2019

No major news in August. I’m happy with my investment on Lendermarket and it already looks like my income from the platform will be substantially higher in September. But more on that next month.

In Q2 2020, the Creditstar Group generated a net profit of 1,066 million euros, according to its Q2 2020 interim report, which you can read here. It’s great to see that they’re able to remain profitable in the midst of the pandemic.

Apart from that, Lendermarket just launched a 2% cashback campaign for both new and existing investors, valid from September 15th until October 31st, 2020. Here are the exact terms.

And, if you’re new to the platform, you get an additional 1% cashback on all your investments on Lendermarket after 60 days when using my link to sign up. According to the support team, the two campaigns can be combined!

lendermarket august 2020

Swaper

swaper august 2020

In early August, after receiving my last interest payment, I fully withdrew my remaining funds from Swaper.

A few days ago, Swaper finally published its annual report for 2019 on its website. You can read it here if you’re interested.

I’m not planning to add the platform back to my portfolio for now, as I don’t think it currently offers anything special over my other investments. I’ll reconsider this decision in a few months.

That’s it!

I hope you’re doing well! Thank you for taking the time to read my latest monthly update.

Also, I’d love to know what you’d like to see more of. I’m a bit ashamed that my last articles have ‘just’ been monthly updates.

Would you like more videos about ETFs, a deeper look at specific platforms, more interviews with successful investors or something else? I’d love to get your feedback in the comments!

You might find this interesting:

Video Of The Article

7 Comments

  1. Hello Angelo!
    Roma, one of the most amazing cities I ever visited. Excellent choice you’ve made.

    Stay all safe 👍🙂

  2. Hi Angelo,

    I would appreciate your insight regarding following 2 platforms:

    1. Viainvest

    Boring is good.

    However, no financials for 2019 yet (last one available H1 2019), they were quite regular in the past. They are preparing a bond issue and have to do a due dilligence, no news on the platorm or ViaSMS about the status.

    2. Lendermarket

    Monthly income seems random and not correlated to loan book cashflows from investors. Hard to prove, however it does not seem very convincing that it is related to underlying loans, rather to the the Creditstar/Lendermarket internal policies.

    Thanks

  3. Honestly and without any kind of Schadenfreude, your “Lessons learned along the way” are such a heavy setback imo. Do you still feel P2P is the right path to financial freedom? It will take such a long time (roundabout 2 years) to recover from the losses. And who knows which plattform will fail next? I feel more and more that this might be an expensive path to financial freedom.

  4. I fear that there will be more leasons learned to follow. On Crowdestor the big drama is already starting and I have no high hopes that mintos amounts in recovery will actually recover someday…

  5. Dear Angelo, thank you very much for your insights. As I am on the same path to financial freedom I am able to feel your way, also you re bit ahead 🙂

    Wishing you all the best for the future and hopefully a lot more of those blogposts about your personal statement an figures! Keep up the great work!

    Regards,

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