Posted by LANDE has published its Performance Report for July. Across its four core markets, the platform financed 67 projects worth €2.1 million, averaging €31,389 per project. The average return earned by investors during the month was reportedly 12.29%, excluding cashback campaigns and other bonuses.
According to LANDE, it has observed a continuous decline in loans that are more than 30 days overdue since April. The share of loans secured by land and machinery stood at 95% in Latvia and 100% in Lithuania, Romania, and Poland in July. According to LANDE, livestock- and harvest-secured loans continue to show the highest default rates, which is why the platform is increasingly moving away from this type of collateral.