Investing in the Funding Circle SME Income Fund | Weekly Lending Review

Week 16: 11 -15 April

The Funding Circle SME Income Fund, which launched in November 2015, gives shareholders access to a diverse range of loans across the Funding Circle marketplace in the UK, USA, Germany, Spain and the Netherlands. Find out more about the Fund and how it works.

New loans available to you

There are currently 39 loan requests on the marketplace, and thousands of loan parts available for you to buy which will help you become diversified.

The total value of new loans listed on the Funding Circle marketplace was £11,048,580 averaging at £87,135 per loan. The largest loan value was £549,440 and the smallest loan value was £5,000.

Business loans available to bid on:

Gross interest rates are before fees and estimated bad debts. Your actual return may be higher or lower as by lending to businesses 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-Apr represents the week of 11th – 15th April.

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 16-16 Yield

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

Number of listed loans per week

WLR 16-16 loans listed

Listed loan value per week

WLR 16-16 loan value

Total amount lent

WLR 16-16 amount lent

Loan parts available to buy from other investors

WLR 16-16 loan parts

Website issues this week

Apologies for any inconvenience caused by the website issues this week, these issues have now been resolved but do get in touch if you have encounter any problems.

News you should know

This week we took part in a TechSprint organised by the regulator, the Financial Conduct Authority. The event saw tech teams from a range of companies, from KMPG to Lloyds Banking Group, VISA and the Post Office, collaborate to look at the issues surrounding financial inclusion and build a prototype product. It was great to be involved in such a truly innovative event and we were very pleased to be awarded ‘Best Tech.’

Don’t miss out on our spring promotion!

You’ve got just over 3 weeks to make the most of our spring promotion. Increase the amount you lend to businesses by 16th May 2016, and not only can you continue to enjoy the great returns you’d expect from Funding Circle, you could also receive one of these fabulous devices listed below. Lend an additional:

£30,000+ to get an iPad Air 2*, or

£20,000+ for an iPad mini 2*, or

£10,000+ for a Kindle ereader*

If you have any questions about this promotion or how you can qualify, please email us and we’ll be happy to help, or read full details about how to qualify.

Loans defaulted last week

Farm. Loan 7058. Risk band B

This Leicestershire business was established in 2004 and is 4 months in arrears.

Food shop. Loan 11402. Risk band C

This London business has been running since 2011 and has become unresponsive after missing repayments.

Builders. Loan 12433. Risk band A

This Devon business was established in 2011 and has ceased trading.

House extension specialist. Loan 19304. Risk band B

This Middlesex business has been running since 2012 and has become unresponsive after missing repayments.

Our collections and recoveries team are working to recover the outstanding amounts for all of the loans described above 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


*Terms and conditions apply. Apple and Amazon are not a participants in or sponsors of this promotion.

Rob McCorquodale