LWe are thrilled to share some exciting news with you. Hoovi, an Estonian SME Loan Originator, has achieved a remarkable milestone by reaching €1 million in outstanding balance to investors!
Hoovi also reports that in Q1 of 2023, they reached profitability with a net profit of € 25K, and they expect the profitability to continue in 2023. They have issued € 1.6M worth of loans in Q1 and Q2 of 2023. You can read more about their positive business performance in their investor deck here
Hoovi’s loans have been in high demand since they started utilizing Income’s Early Buyback feature. This innovative tool has enabled them to list their long-term loans in smaller parts with shorter investment terms. As a result, the interest in Hoovi’s loans has surged significantly.
To date, 2,143 investors have chosen to invest in Hoovi’s loans, collectively earning an impressive €36,000 in interest payments. Moreover, 1,262 investors have already seized the opportunity to invest in Hoovi’s early buyback loans. On the Income platform, Hoovi’s loans boast an average term of 36 months and an average interest rate of 10.8%. Currently, the loans available are listed with a 12% p.a. yield to investors, and Hoovi plans to continue listing with that interest rate.
We invite you to join the ranks of our esteemed investors and diversify your portfolio by adding Hoovi’s loans today. By doing so, you can benefit from the promising returns they offer.
