p2p lending income july 2020

It’s about time for my income update for July 2020! This one will only be about P2P lending, as I didn’t receive any dividends last month.

As usual, I’ll show you how all of my investments in P2P lending performed last month and I’ll try my best to mention noteworthy events on each platform, if there were any.

P2P Lending Income – July 2020 Overview

PlatformIncomeIRRInvestedValue
Iuvo Group27,59€13,72%1.857€2.646€
Mintos92,24€12,75%9.005€10.400€
Bondora G&G11,81€6,67%1.901€2.135€
Crowdestor119,80€9,53%6.200€6.696€
Viainvest28,18€12,16%2.500€2.665€
Lendermarket28,77€13,29%3.000€3.250€
EvoEstate0€1,10%630€633€
Mintos I&A1,10€10,80%133€234€
Swaper4,79€13,63%0€13€
Total314,28€25.226€28.709€*

*includes 97€ 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 returns july 2020
  • Total Investment Income (July 2020): 314,28€ (-64,25€)

That means I’m at 20,95% of my goal, which is 1.500€ monthly income from investments.

I received no dividends from my two ETFs in July, as the next planned distribution date is around September/October.

Alright, let’s take a look at my P2P platforms individually.

Iuvo Group

iuvo group returns july 2020
Note: Oct/18 shows my 90€ refer-a-friend bonus
  • Income (July 2020): 27,59€ (+3,93€)
  • IRR13,72%
  • Invested since: 05.10.2018

My monthly income increased slightly on Iuvo Group last month.

The platform recently published an update regarding the Polish loan originator KFP (now CBC):

KFP was granted a 3-month grace period in light of the difficult economic situation around the world, during which it only had to pay monthly late fee payments. However, with that period now being over, the loan originator failed to fulfill its obligations, causing Iuvo Group to initiate legal action to represent investors interests.

I have 428,6€ worth of outstanding KFP loans, so hopefully this will be resolved soon.

iuvo group july 2020

Mintos

mintos returns july 2020
  • Income (July 2020): 92,24€ (+12,22€)
  • IRR12,75%
  • Invested since: 27.09.2018

I have to say, I’m a bit disappointed in my biggest investment in the P2P lending space, Mintos. Once again, my pending payments increased compared to the month before.

That’s largely because I sadly have around 1.400€ invested into loans issued by Capital Service (I purchased these before the pandemic hit), which is another loan originator from Poland that’s in financial distress and/or not repaying its obligations.

As a result, for the foreseeable future, I have made the decision to exclude Polish loans from all the platforms I invest in.

On a side note, we can now finally see the pending payments by lending company when clicking on Pending Payments in the account overview.

mintos july 2020

Bondora Go & Grow

bondora go grow returns july 2020
Note: I invested an extra 7.000€ for less than a month on Go & Grow during Sep/18
  • Income (July 2020): 11,81€ (+0,38€)
  • IRR (incl. withdrawals): 6,67%
  • Invested since: 01.09.2018

Now that instant withdrawals seem to work again on Bondora Go & Grow, I‘m thinking of adding more to my account.

I like that I’m able to see how much my money is earning me per day, by clicking on Statements. Currently, I’m receiving 0,38€-0,39€ per day in interest.

As I mentioned in my last monthly update, Bondora recently announced that it made a net profit of 2,3 million euros in 2019. The platform now added its full, consolidated & audited financial report (2019) to its website.

bondora go grow july 2020

Crowdestor Is Back!

crowdestor returns july 2020
  • Income (July 2020): 119,8€ (+109,40€)
  • IRR9,53%
  • Invested since: 03.04.2019

Finally, it looks like Crowdestor is back!

I received a total of 20 interest payments as well as some partial loan repayments in July, making this my best month on Crowdestor so far.

Crowdestor Visit In Riga

In the beginning of July, a group of investors visited Crowdestor in Riga, to gather more information and first-hand experience on Crowdestor as well as several projects:

crowdestor 2020 visit
Source: p2p-game.com

You can read about Christian’s impressions of his visit or listen to the podcast episode here. If you don’t know German, I recommend using Google translate.

Long story short, he was impressed and left Riga with even more confidence in the platform and his 5-figure investment than he had before.

Let me know if you’d like me to reach out to him and get more details (& pictures?) in English.

crowdestor july 2020

Getting back to the platform and my own investments, a few of my loan repayments are late. Nonetheless, I don’t think it should come as a surprise that not every loan can be paid on time, especially in the current environment. I’ll keep you up to date over the coming months.

Viainvest

viainvest returns july 2020
  • Income (July 2020): 28,18€ (-5,75€)
  • IRR12,16%
  • Invested since: 11.10.2019

I expected this small drop in monthly income on Viainvest, as last month‘s record was supported by the short cashback campaign.

All in all, I‘m very happy with how Viainvest has been performing.

viainvest july 2020

Lendermarket

lendermarket returns july 2020
Note: Feb 1 includes the 1% Cashback
  • Income (July 2020): 28,77€ (-26,73€)
  • IRR13,29%
  • Invested since: 21.11.2019

My monthly income fluctuates quite a bit on Lendermarket, but I’m happy with my internal rate of return on the platform so far.

I re-activated short term loans in my Auto Invest to increase my diversification a bit on the platform. I still removed loans from Poland though, as I just did on Iuvo, Mintos and Viainvest.

I‘m curious to see if more short-term loans are going to lead to more late payments, as was the case before due to the pandemic, or if the worst is behind us.

lendermarket july 2020
  • Get 1% Cashback on all your investments on Lendermarket after 60 days via this link

EvoEstate

evoestate
  • Invested since: 03.02.2020

I haven’t received any interest payments yet on the real-estate lending platform EvoEstate.

The platform published another interesting Spanish loan by Inveslar yielding 13,7% per year recently.

Sadly, I already have two Spanish loans from the same originator at the moment and I’d like a bit more diversification, so I’ll probably skip this one.

  • You can get 0,5% Cashback for 6 months on EvoEstate via this link

Swaper: Fully Withdrawn In Early August

swaper july 2020

I earned 4,79€ on Swaper in July. As of August 1st, I only had 12,73€ and one outstanding interest payment left on my Swaper account.

A few days ago however, I received my last interest payment and withdrew everything (13,01€) that was left. That means I now fully exited the Swaper P2P platform.

With an internal rate of return of 13,63% per year and 110,18€ earned in interest based on a relatively small investment I can’t complain about my results from a financial perspective.

Nonetheless, to me Swaper still lacks in transparency (audited financial statements would be a start), which made me decide to leave the platform.

Mintos Invest & Access aka. 56% Pending Payments

mintos invest access july 2020

I’m still in the process of closing this second Mintos account, which I opened about a year ago to test Mintos Invest & Access and compare it to Bondora Go & Grow.

Last month I withdrew 41,37€ from this account and earned 1,10€ in interest.

Emptying the account is taking a while, as 56% of my funds are currently stuck in pending payments and I don’t want to sell the remaining loans at a substantial discount.

That’s all!

Thank you for being here and for reading my monthly income update for July! I hope you’re finding ways to enjoy this summer as well.

How are you feeling about some of the things I mentioned as well as your own investments right now? I’d love to know in the comments.

You might find this interesting:

Video Of The Article

5 Comments

  1. Hi Angelo, hope you are well, I am a little curious about the size of your investment with Crowdestor. It seems to have a large weighting, for example it is over three times the size of Iuvo Group. Are you three times as confident in Crowdestor, or have you been convinced by the interest rates?

  2. Love the new look Angelo! First time commenting, but been following since January and I always look forward to your monthly updates. Hope you’re staying safe x

  3. Hi Angelo. I’m interested by your comment “I’m still in the process of closing this second Mintos account,… I don’t want to sell the remaining loans at a substantial discount.” I’m also trying to close a Mintos account, so I was wondering what limit you put on the discount for selling your “unwanted” loans, before you hit your “substantial discount” mark. Thanks. All the best, Colin.

  4. Hello Angelo, I was following your videos and thanks for all useful information shared. Question; do you have any thoughts about bond ETFs for long term. I am from Belgium. Thanks.

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