Global COVID-19 pandemic of 2020 brought unprecedented challenges to the global business community. Unfortunately, Lenndy loan originators and borrowers were not an exception. As a result of economic lock-downs and loan repayment moratoriums in some of our markets, many borrowers delayed or defaulted on theirs repayments, causing substantial reductions of cash-flow to loan originators, who sell their claims on Lenndy platform. As a result, as...
Today, 2nd of February 2021, secondary market was launched on the Lenndy platform. From now on, all investors can buy / sell loans on Lenndy platform.
Information related to 2nd market:
• Minimum loss when selling loans are 5%.
• All overdue loans can be sold or purchased.
• Buyback guaranteed loans can be sold or ...
We want to assure you that every effort is being made to restore the smooth operation of operator “First Finance” as soon as possible.
Operator First Finance:
First Finance has submitted a preliminary financial report for 2020, which is part of the overall audit. Audit is still live, due to large First Finance portfolio, this is just partial information. Read more