March 2020 – Net Return Performance Update

Understanding the return you’re receiving, compared to the platform average net return and the general health of the full loan book helps you to appreciate our performance in the context of other p2p lending platforms and other forms of investment.

Before we get to the figures some notes on the methodology:

This data is generated from algorithms that look at a set of standard rules to classify payments as interest, capital or recoveries as well as loans as performing, defaulting or bad debt. This is subject to change, so it may not always match our manual changes to loan status or repayments. This helps to keep the data impartial and consistent, unaffected by human bias or expectation.

We treat all the users as one ‘Superuser’ that all transactions from public loans are applied to, we exclude private loans and treat refactored loans as a single loan.

With the spread of the coronavirus many investments around the world have been suffering losses or severely reduced growth during March, but for Rebuildingsociety,com lenders this month saw healthy loan book growth and excellent returns.

During March 2020 we made 5 new public loans totalling £215,450, the most we have done in a single month since March 2019.

This raises the total public loans made via to 268 and total lending to £15,244,845.

Keeping the positive trend from last month, we also had no new defaults and no refactors in March 2020.

The total capital still out on all loan’s totals £2,754,156, only 4.13% of this is currently in default.

During the month, we received £131,213 in capital repayments, £42,385 in interest payments and the net recoveries position was £4,223 recovered.

This image has an empty alt attribute; its file name is Canva-Person-Holding-Black-and-Grey-Pen-884x330.jpg

This led to an overall profit for the users of £43,343 or an annualised return rate of 18.10%, this is an excellent month in terms of profit when compared with our average.

We keep a rolling 12 month return figure to track profits over the last year, this months performance brings that return up to 9.27%.

We also track the net return rate for the lifetime of the company, as you can imagine this figure remains fairly consistent and currently sits at 6.16% net return per year.

This month has been very strong with many new loans and no defaults. We currently have 3 loans that could possibly default next month due to lateness, as such we would expect the April 2020 return to be very dependant on recoveries procedures and potentially have a poor return rate.

Please note

This material contains certain data and analysis that has been prepared by Ltd. The Information is provided is corrected as at the date published or shown on the graphs, and may be subject to updates and revision, and may change materially without notice. Subject to applicable regulations, no person is under any obligation to update or revise the information, our stats page is updated on daily basis.

Past performance is not indicative of future performance. Capital at risk. Find Out More about the risks of lending.

Search our blog...