Loan 1421852-01 - Business Loan

Loan Details

Loan Type	Business Loan
Loan Amount	€ 15 000.00
Remaining Principal	€ 8 551.65
Effective APR charged to borrowers	24.6%
Interest Rate	11.7%
Initial LTV	-
LTV	-
Initial Term	15 m. 8 d.
Remaining Term	Late
Amortization Method	Full
Listing Date	22.08.2017
Date of Issue	07.02.2017
Closing Date	15.05.2018
Status	60+ Days Late

Loan Originator Details

Loan Originator

Legal Entity

Capitalia Finance OU

Group Guarantee

AS Capitalia, UAB Capitalia Finance

Invest

Available

€ 4.73

Borrower and Collateral
Payment Schedule
Investment Breakdown
Debt Collection

Borrower and Collateral Details

Loan Purpose	Expansion financing
Borrower	Company
Business sector	Wholesale trade, except of motor vehicles and motorcycles
Description	Company specializes in wholesale of electronics. Regardless of the short operating period, this company has managed to significantly increase its turnover in just 2 years mostly due to focusing on export markets. The products are mostly sold via their online store. Financing was attracted to speed up e-commerce expansion to foreign markets.
Estimated annual default rate	1.2%
Country	Estonia
Personal guarantee	yes
Risk category	A

Date	Principal	Interest	Total	Payment Received	Payment Date	Status
15.03.2017						Paid
15.04.2017						Paid
15.05.2017						Paid
15.06.2017						Paid
15.07.2017						Paid
15.08.2017						Paid
15.09.2017	€ 976.81	€ 74.32	€ 1 051.13	€ 1 051.13	15.09.2017	Paid
15.10.2017	€ 996.35	€ 83.38	€ 1 079.73			Late
15.11.2017	€ 1 016.27	€ 76.12	€ 1 092.39			Late
15.12.2017	€ 1 036.60	€ 63.76	€ 1 100.36			Late
15.01.2018	€ 1 057.33	€ 55.44	€ 1 112.77			Late
15.02.2018	€ 1 078.48	€ 44.78	€ 1 123.26			Late
15.03.2018	€ 1 100.05	€ 30.64	€ 1 130.69			Late
15.04.2018	€ 1 122.05	€ 22.84	€ 1 144.89			Late
15.05.2018	€ 1 144.52	€ 11.16	€ 1 155.68			Late

History of Actions

Date	Action	Description
18.12.2017	Communicatiom with the client	Company applied for insolvency process, waiting for court decision, date of the court session 15.12.2017.
15.01.2018	Communicatiom with the client	Insolvency is in process.
02.02.2018	Regular update on the borrower status	There are no updates since the latest status update.
16.04.2018	Collection	Insolvency process in progress, administrator will start selling company's assets on auction.
17.05.2018	Regular update on the borrower status	There are no updates since the latest status update.
28.06.2018	Regular update on the borrower status	There are no updates since the latest status update.
25.07.2018	Regular update on the borrower status	There are no updates since the latest status update.
20.08.2018	Regular update on the borrower status	There are no updates since the latest status update.
26.10.2018	Regular update on the borrower status	There are no updates since the latest status update.
30.11.2018	Collection	Insolvency of the company is over, no income from realization of assets. Guarantor started personal insolvency process, since he does not own any properties and does not have legal income, collection is not possible.