Peer-to-Peer Lending Insights: What’s Trending in Week 38 of 2024
News Context
At a glance
- Last week, a further €44,000 was returned to investors who have invested in the Vietnamese loans on TWINO*.
- Around €1.2 million will still remain, and it is not yet known if and when this will come back.
TWINO Vietnam Loan Updates: Latest Refund Status
Last week, a further €44,000 was returned to investors who have invested in the Vietnamese loans on TWINO*. The money is still coming from the guaranteed amount from Viaconto Ltd. The monthly payments should remain at this level now until the remaining €700,000 or so has been paid back to the investors, which would then be in about 15 – 20 months.
Around €1.2 million will still remain, and it is not yet known if and when this will come back. If you are currently still holding Vietnam loans, they can still be sold on the secondary market. The current maximum discount is 8%, which is not bad for a failed company. Some investors are speculating on repayment and have stocked up on Vietnamese loans.