Month of joy and hope
That’s right, month of joy and hope. So it was November: a good month with 967 euros obtained from interest,but with two sides. The joy represented by Crowdestor and the hope that Housers would fulfill his commitments.
In short, both Housers and Crowdestor some outstanding payments have been left along the way, although the former I have little confidence.
The commitment made according to the payment schedule proposed by Housers lasted one month, so we are returning to the usual pattern of delays in payments.
Mintos continues to disappoint in its figures, as its profitability has been a few cents, since I have only invested 10%of my funds, since the remaining 90% is in the process of recovery.
Peerberry hascontributed the same 4th last month and it still works well. They transfer confidence in their parent company Aventus Group in Poland, despite pandemic regulations.
Viainvest has contributed this month with 9€ who know me to glory. Its parent company VIA SMS Group has submitted its excellent consolidated reports for 2019, with a net profit of almost 400,000 euros.
Robo.cash surprised me this month with 31€ profit and continues to offer its usual stability. Now that you have completed a project in Crowdestor and taking advantage of the additional 1% that you offer until December 10, I will reinvest the entire amount in them. More information here.
Crowdestor’s had a irregular month. On the one hand, I have been returned to the entire Minst 19 project with 13.4% interest meeting the date. But, on the other hand, seven projects accumulate with delay,some more than three months: Kabuki at Salaris, Foresland and Fertilizer Export. In the first two, news was expected at the end of November that have not arrived.
In any case, it has contributed 162 euros that are very welcome and have continued to inform investors conveniently about the situation of each project.
Lenndy has contributed 11 euros in November and I remain confident in his good work to maintain a very diversified portfolio .
For its part, Bondster has helped me with another 11€ and I removed Rapicredit from my Autoinvest because I was accumulating many projects of this originator and I want to diversify. On the other hand, www.todocrowdlending.com appear in the TOP 3 of more profitable platforms.
Bulkestate has slowed the pace this month and has published only three projects, but it still offers enormous security and is corroborated by its stalwart investors.
At Swaper I am very unhappy with their severing of projects and I have only one euro invested that I will repay in mid-December along with the rest of the balance, when the last project is over.
Crowdestate has been personed to find out the details of Baltic Forest’s bankruptcy petition. In short, they are looking for a buyer urgently, but they convey a certain peace of mind by ensuring that they have the necessary guarantees. The 2,600 euros invested are already 8 months behind schedule and, according to their own forecasts, there are still 73 months to go.
Grupeer has published the legal actions it will take against originators who are not fulfilling their existing contracts, continues to manage the collections of 10 million euros through Recollecta and announce that they are still interested in continuing their company.
Finally, after several emails, Wisefund has informed me that action is being taken to recover the unpaid amounts from the Dutch Flowers project through the company Cis Debt Recovery Solutions, but they do not know how long this will take and the amount to be recovered. It is possible to sue them, but this has not been confirmed to date.
In relation to Housers, there is good news and bad news, since they have paid everything corresponding to the payment schedule of the Marismas de Odiel project, while in Torres de Paterna and Albufera III they paid only in October and already have missed their second month. Housers informed me that they will try to enforce the promoter’s payment of two months before Christmas, but their confidence is also minimal.
They have also reactivated the paymentsof Pensamiento and Juan de la Encina, which since March and December were not paying interest despite being both rented. Below is the status of all the projects.
The platform of those affected by Housers’ non-payment is very active and a few days ago dozens of documents were presented before the National Court accrediting Housers’ lack of contractual compliance.
Finally, about Kuetzal, Monethera and Envestio there have been some news that you can read at the end of this post.
Here’s the table with the percentages and returns for each platform this month:
And here’s what’s new in the detail of each platform:
Mintos (extended version)
Although their results in my case are not satisfactory, they continue to have a loyal legion of followers who have full confidence in them, having reached 7.2 million euros in their self-crowdfunding campaign with more than 7,000 investors.
With regard to the outstanding payments, I am enclosing a screenshot of my current situation:
It seems that Finko Armenia, where I have the bulk of my investments in recovery, could pay back all the amounts until December 2022. For the time being, this last month they have returned 120,000 Euros out of the total of 17 million that are still pending, as you can see below:
It seems that Capital Service and Express Credit will be the hardest to charge. What I most reproach Mintos for is that, until the moment when the platforms I invested in failed, they had been rated between A- and B.
Mintos now has the new Mexican originator “Podemos Progresar”, which offers returns of up to 12%.
Continue reading “Updating my portfolio: November 2020”