Take a tour of 2 new family homes | Weekly Lending Review
Week 3: 11 – 15 January
In November 2014, we visited Funding Circle borrower Medina Capital Investments at a demolition site in West London. Just over a year later, we returned to the site to see the final touches being made to two new family homes. There’s a short video on the blog where you can meet business owner Nidal, take a quick tour round the new homes, and hear how, thanks to your lending, he’s been able to expand his business twofold in the past 8 months.
New loans available to you
The total value of new loans listed on the Funding Circle marketplace was £15,413,760 averaging at £60,327 per loan. The largest loan value was £500,000 and the smallest loan value was £5,000.
Business loans available to bid on:
- Property developer is looking for £500,000 to construct a new home in London
- Software company needs £140,920 to invest in a new partnership programme
- Property specialist is looking for £397,820 to purchase a property in Kent
- Garage in Ilford requires £111,120 for working capital
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: 11-Jan represents the week of 11th – 15th January.
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)
Number of loans, value of loans and amount lent are reported weekly.
Number of listed loans per week
Listed loan value per week
Total amount lent
Loan parts available to buy from other investors
To start the new year in style we’ve moved to an easier to use forum. Your existing usernames are still in place and if you’re new, come join the conversation here.
Loans defaulted last week
Kitchen specialist. Loan 2399. Risk band C
This London business was established in 1975 and entered into a Company Voluntary Arrangement in May 2014.
Cookery school. Loan 13233. Risk band D
This Leicestershire business has been running since 2011 and is late in making repayments.
Design agency. Loan 4304. Risk band D
This London business was established in 2000 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 how our collections and recoveries process works (part one and part two) on our blog.
Enjoy lending, The Funding Circle Team