Iuvo-Group a new P2P lending platform

Hi,

We've contacted the two originators and they will provide the audited accounts in English for 2016 in a couple of weeks.

Kind Regards,

Iuvo Team 

What did I tell you on the 15th?

Pros:
lot of loans available
good autoinvestor
like the fact that you get the full interest owed if you take over a loan
a bit different from other platforms

Cons:
average interest rates relatively low
don't like the RECAPCHA at login oh wait it seems to have gone
no ordering by columns in available loans (e.g. rate/term/status)
have to keep reapplying EUR filter - would rather not see BGN loans at all if I have no BGNs in the account

What progress please?

Is there anybody there adrvvv

The Bulgarian currency (lev) is fixed to the Euro since the Euro was created. Exchange margins are thin, so you may invest/convert to BG LV  (Bulgarian Leva) without losing much (0.05%, I think). Easy Credit is a major payday loan company (but offers loans running for months). It is established very well, for quite a few years with offices in all big cities and towns, with an army of self-made brokers and phone intimidators for those who miss a payment. Some loans must be paid weekly while salaries are paid monthly hence a lot of ''lates". I-Credit is similar but probably is smaller and newer co. It is not very likely that they will go out of business or go bankrupt unless they decide to call it a day. I noticed the platform works with a Romanian loan originator. There are many similarities b/n BG and RO, one significant difference - RO has a higher proportion of gypsies. Iuvo must have started as a BG co. I imagine they have decided to move registration and get licensed in a Baltic country because the BG legislation does not allow their people to make personal loans and collect interest. In reality, there's no modern legislation to address personal alternative investments outside the banking sector (understand major banks). 

After downloading the SM loans, I've played with some formulas and made the following conclusion:

If I choose loans, let's say at 12-13% interest, I will end up at 9.5-10.5%. My return will be lower as inevitably some loans won't be serviced for more 60 days and though I'll be paid back, I won't get any interest for these 60 days hence the lower return. 

The nagging thought on the back of my mind is what if one of the originators decided to skip town... Not that they would do it just like this, no, but a sudden change in the local political climate may leave them no choice.