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Messages - Tauri

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1
Investors - LC / Re: Investing with Bondora
« on: April 01, 2018, 05:12:25 PM »
Moderators: I apologize if Iam posting in the incorrect part of the forum, although I did not see a placeholder for Bondara. (Maybe it can be moved to a different part of the forum.. somewhere more relevant)

As the LC market slowly dries up has any one ventured into  https://www.bondora.com ?
They appear to be similar to LC in having a primary and secondary market, but its out of the US .

I had opened a new account and had done some leg work but have not invested yet.
Here are some responses I received from Bondora support:
Quote
1) Is my account secured?
1) Please elaborate.

2) Which Country is Bondora based in?
2) Bondora is a leading peer-to-peer platform for investing in unsecured European personal loans, based in Tallinn, Estonia. We are currently issuing loans 3 countries such as Estonia, Finland and Spain, but we have investors from all over the world, mainly from Europe. For more information, please refer to following link - https://support.bondora.com/hc/en-us/articles/214229765-Who-can-invest-on-Bondora-

3) What is the minimum NOTE value?
3) Minimum note is 1.
This year we updated our bid allocation system. With a new system there is no option to set minimum bid size tries to make a bid, but the system is now way more equal. Please kindly refer to our recent blog article on following link for more information - https://www.bondora.com/blog/new-bid-allocation-model-levels-the-playing-field-for-investors/

4) For the secondary market , can I setup filters based on country, etc?
4) Yes - there are lots of filters available, including country.

5) Can the loan data in the secondary market available for download as an CSV file?
5) Sure, all transaction ledgers and data on issued loans that is not covered by the data protection laws public are available and be downloaded via our public statistics and data export pages. It also includes Secondary Market transactions history.

6) Is API access available? If so where can I see my API key and documentation.
6) Thank you for the interest! Yes, we do have an API available. With the API you can choose the criteria of your preference for your investments. The API is accessible on live site at https://api.bondora.com/ with all its documentation.

7) Are there any Fees? What are DCA fees?
7) There are no fees for investing in the primary or secondary markets. A small collection and recovery fee is deducted from the cash flows of delinquent loans - this is to cover the debt servicing costs.
Hey, hdsouza!

I have to add that the fees part is something that is not 100% clear always. They deduct up to 35% from the cashflow recovered and I personally think that this is a lot (up to 35% means that they average it to 35%, for some loans the deduction is bigger and for some smaller). So, "A small collection and recovery fee.." is a bit soft to say.

I started investing in Bondora early 2013 and stopped around late 2015 with one account and tried again with another account on early 2016. At first the returns were 20%+ according to Bondora, now they are rather 9-14%. One of my friend also tried with small amount and the results were ridiculous: 1000 euros invested, net realized gain -18,99 euro, but net profit according to Bondora was around 14%. So, go figure.. I haven't calculated my exact return due to several reasons, main being the dissapointment that came along with Bondora when they constantly changed their, well "things". I think I might broke even after tax. Pre-tax was something like 3600 deposits and 4700 withdrawals. We have to pay 20% tax from all interest and no deduction of bad loans is allowed (I reside in Estonia).

Today Bondora is targeting German market to get more investors. To me it seems that local investors are looking away from Bondora. There are some Latvian platforms that offer BuyBack Guarantee, also invoice financing and real estate development or backed investments. If you are patient and willing to go through the hassle that comes along with Bondora, it might pay off. Otherwise there are alternatives that are more investor friendly.

2
General P2P Lending Discussion / Re: Bondora?
« on: June 22, 2015, 12:25:23 AM »
Hi rawraw

Estonia is in the eurozone, which means that we are using euro as our currency (Estonia has been on euro since january 2011). While Bondora is operating currently in 4 (3) markets: Estonia (population of 1,3mio), Finland (5,5mio), Spain (46,6mio) and Slovakia (5,4mio - Slovakia is currently inactive due to less quality borrowers), all of those markets euro has been adopted so the only currency risk for foreign investors is EUR/USD when you are outside eurozone.

Bondora average return has been around 20% per year, this mainly because of Estonian people (currently 50-60% of the applications come from Estonia, Spain and Finland are almost equal with 20-30%) hasn't had too good access to money. So the interest rates are somewhat higher than you can expect from loans in US. For example average rate is 20-35%, depending on a credit group.
I myself believe that returns will fall in some near future (Bondora is negotiating with different institutional investors to take them on board). Also the whole credit model was redesinged in the beginning of this year giving more fairer options for both lenders and investors.
Should you be interested in Bondora? Yes, why not. But perhaps only with 5-10% of your portfolio. That would be my take on it.

3
General P2P Lending Discussion / Re: Bondora?
« on: June 17, 2015, 03:38:13 PM »
Hi Fred93!

I am investing in Bondora (and also some other P2P lending sites in Estonia, there are 6 of them currently up and running). If you have any questions, please feel free to ask.

For the records:
* I'm not working for Bondora
* I'm exotic estonian :)
* Actually we are not that exotic at all

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