The final Weekly Lending Review of 2014. Merry Christmas!
Week 51: 15 – 21 December 2014
With just 2 days left before Christmas, we’ve been busy making sure there are still a number of lending opportunities available to you to review and lend to over the festive period.
This will be the last weekly lending review of 2014: we’ll be back in touch in the week commencing 5th January. We hope you all have a nice break!
There are currently 26 auctions on the marketplace which are all available for you to lend to.
The total value of the new listed loans was £7,483,240; averaging at £68,029 per loan. The largest loan value was £400,000 and the smallest loan value was £6,000.
Business loans still available for bidding on for the next 3 days or more:
- High end boutique is looking for a £25,500 loan
- IT support service needs a £62,500 loan
- Construction company requires a £155,000 loan
- Recruitment company is looking for a £60,000 loan
- Marketing agency needs a £25,000 loan
Weekly marketplace trends
These graphs show the most recent activity on the marketplace. The average gross yield graph is reported weekly and shows a rolling two week average of gross yields. This calculation assumes you reinvest your interest each month and therefore includes the compound interest you earn. Number of loans and value of loans are reported weekly. The dates on the graph should be read as ‘week beginning’, for example: 15-Dec represents the week of 15th – 21st December.
Weekly average gross yield (2 weeks rolling)
Number of listed loans per week
Listed loan value per week
Great to meet you! Investor evening summary and property deep dive
We held an informal get together for investors at our London office at the end of November. For those that couldn’t make it, we’ve put together a video and write up of how the evening went. You can watch a summary video and a property focussed video on our blog.
Highlights from 2014
As 2014 draws to a close, we wanted to take a moment to share with you some of the highlights from this year. We teamed up with our colleagues over in the US and put together this short video. You’ll meet members of the Funding Circle team, watch some of our favourite borrowers from the year, and hopefully get a sense of what you’re helping to build.
Loans defaulted last week
Content producer. Loan 7674
This Essex business has been trading since 2005 and is in liquidation. All affected investors have been notified.
Lift repair firm. Loans 2312 and 4530
This Hertfordshire business has been trading since 2007 and is in liquidation. All affected investors have been notified.
Aquatic pet shop. Loan 3308
This Lancashire business has been trading since 1998 and is in administration. All affected investors have been notified
Our collections and recoveries team are working to recover the outstanding amounts for all of these loans.
The Funding Circle Team