Figure 1 Performance of Note price and Long-Term Return Target
Interest payments in January was fully in line with our expectations.
Current loans represented 76.1% of the value of the portfolio at the end of January an increase of almost 2%-point during the month. At the same time loans 60+ days late increased slightly.
In January, an auction related to a delayed property loan unfortunately were not settled and the property will have to reauctioned. Staying with our cautious approach we have taken provision of 0.02%.
The return for the month of January 2021 was 0.60%.
Since inception, Quantrom P2P Lending has given a return of 34.09% and outperformed the long-term return target by 7.36%-points.
The portfolio at the end of January 2021 consisted of almost 8,700 loans. The weighted average interest rate on the portfolio is 11.48% with an average weighted maturity of 27.4 months.
The main exposure in value is still towards car loans which represent 62% of the value of the portfolio at the end of the month.
Exposure towards property loans is at 22% of the value of the portfolio. At the end of December, personal loans represented 15%, while business loans were less than 1% of the value of the portfolio.
Figures 2-12 provide more details on the composition of the loan portfolio.
Quantrom Limited, Limerick