Goji - Diversified P2P & Direct Lending - IFISA available

Welcome to the forum Jake.
I tried your link out of curiosity as I don't think I am in your target group, but it did not work from my iPad. 

Thanks, that one worked.

Welcome to the forum Jake

Dont worry about being late - your name was already on the list IFISA

One thing that isnt very helpful, in fact is quite annoying, if I click on a question in the FAQ it appears to be a link but doesnt actually go to the relevant Q, just says where it is and I have to scroll down. Seems bit pointless.

PS Not only doesnt the link to the site provided not work, its blocked by anti-virus software as phishing. Ooops

DZO - I am going to officially proclaim this a "wood from the trees moment" and thank you for bringing it to our attention.  

If you sign up on the website there is a detailed brochure that we have to make available to investors because the Bond, unlike a P2P loan, is a designated investment under the Financial Services and Market Act.  That contains a large amount of information, however I'm sorry that we didn't make the information more accessible on the "How it works section" and we will do that now.

Essentially, for ease, we raise funds from investors by issuing bonds to investors.  With the funds raised we then go and acquire loans from a number of lending providers across the leasing, property, invoice and supply chain finance, long and short term SME lending markets.  Because the Bonds are fixed term, all of the loans that we acquire mature within the term of the bond to enable us to manage the duration/liquidity risk.  

Each Bond is issued by a ring fenced SPV so, unlike other platforms, there is no exposure to Goji's balance sheet itself.  In fact, the positive to this is that all of the profit earned within the SPV is returned to investors - not Goji.  We simply charge a flat % fee for managing the Bonds.  


If we do suffer a liquidity event/corporate failure, we have a third party investment manager who will manage down the bonds to ensure that investors receive back all of their capital and interest.


I hope that helps.  If you have any further questions, please don't hesitate to get in touch.

Are you accepting ISA transfers yet? Thanks.

So am I understanding Goji IFISA right?

You buy a fixed term bond that offers up to 5% interest
Both Capital & Interest are repayable at term (can't find a definition of what the term is 1, 3, 5 or 10 years?).
No possibility of liquidity or a break process.

Outside of Goji IFISA earn 10-12%pa taxable. Interest usually paid monthly.

Inside the Goji IFISA earn up to 5%pa tax free. Interest paid on maturity.

It doesn't sound like a good deal to me!

Dear rogerbu

Thanks for your queries and comments. Just to be clear I'm a representative of Goji and work on the operations team.

Our target net return is in "excess of 5%" and which is currently performing at 6.9% after fees and bad debts. We offer a 1 year bond, but will soon be offering a 3 and 5 year bond. Capital and interest are repayable at maturity, but there is a put call (redemption) which requires 30 days notice.

10-12% returns are well above the industry average for P2P platforms and this may be stated before bad debts. Underlying loans at these rates have a higher tendency to be unsecured, uninsured or a higher risk.

Your stated return above may also be with a direct exposure to a single platform and a single loan, although some platforms diversify you across multiple loans. Our bond is diversified across multiple platforms, covering several industry sectors and contains hundreds of individual loans - all to reduce risk.

Please feel free to get in touch with us at customersupport@gojip2p.com if you have any other questions at all.

Many thanks
Mike