Handmade wreaths in time for Christmas, thanks to 1,171 investors | Weekly Lending Review

Week 50: 7 – 11 December 2015

Earlier this month we visited Mill View Plant Centre in Oxfordshire, who borrowed £100,000 through the Funding Circle marketplace in November 2015 to expand and open a coffee shop. The plant centre, which is run by Colin Dallimore and his daughters Katie and Lucy, stocks a large selection of Christmas trees and handmade wreaths. In our latest case study you can learn about the best type of Christmas tree for your home and Colin has some special words for all those people who lent to his business.

New loans available to you

There are currently 30 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £16,867,860 averaging at £80,078 per loan. The largest loan value was £450,000 and the smallest loan value was £5,000.

Business loans available to bid on:

Gross interest rates are before fees and bad debts. Your actual return may be higher or lower as your capital is at risk.

Weekly marketplace trends

These graphs show the most recent activity on the marketplace. The dates on the graph should be read as ‘week beginning’, for example: 7-Dec represents the week of 7th – 11th December 2015.

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 (The calculation is AGY = (1 + (two week rolling weighted average rate/12))^12 – 1). You can view the latest gross interest rates accepted on the marketplace on our statistics page.

Weekly average gross yield (2 weeks rolling)

WLR 50 yield

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

WLR 50 listed loans

Listed loan value per week

WLR 50 loan value

Total amount lent

WLR 50 amount lent

Loan parts available to buy from other investors
WLR 50 loan parts

News you should know

New mobile iOS app is available to download

Christmas has come early for app users – the new investor mobile app for iOS 9 is now available to download from the App Store! Updated features include a fresh design and touch ID. Read more about the new app, including an interview with our mobile team, on the blog.

Loans defaulted last week

Insulation specialist. Loan 3306. Risk band A

This Glasgow business was established in 2004 and has been placed in compulsory liquidation.

Online bicycle shop. Loan 5356. Risk band D

This Wrexham business has been running since 2006 and has been placed into creditors’ voluntary liquidation.

Auditors. Loan 3236. Risk band B

This East Sussex business was established in 1999 and is looking to enter insolvent liquidation.

Law firm. Loan 1461. Risk band A

This Norfolk business has been running since 2010 and has missed promised payments.

Ambulance service. Loan 14550. Risk band A

This Kent business was established in 2007 and is entering insolvent liquidation.

Accountants. Loan 637. Risk band B

This Tyne and Wear business has been running since 2003 and has struggled to make repayments since July.

Solicitors. Loan 2799. Risk band A

This London business was established in 2007 and has become unresponsive.

Hair salon. Loan 5142. Risk band C

This London business has been running since 2007 and has been placed in liquidation.

Estate agent. Loan 5844. Risk band C

This Oxfordshire business was established in 2011 and has become unresponsive.

Our collections and recoveries team are working to recover the outstanding amounts for all of these loans and they will provide you with updates in the loan comments section on your summary page. Read more about how our collections and recoveries process works on our blog.

Enjoy lending, The Funding Circle Team

Rob McCorquodale