Key Metrics: Tracking Lendo's Commitment to Transparency and Inclusion

A snapshot of key metrics such as financing volumes, default rates, and investor returns, reflecting our commitment to transparency and financial inclusion. Stay informed on Lendo's progress and impact, updated every quarter.

Last update: June 30, 2024

Traction

This section tracks our growth story since inception. 2024 numbers are up until June 30, 2024. All figures are cumulative.

Cumulative Value of Financing Deals Disbursed

The chart displays annual financing amounts, with figures in millions.

Cumulative Number of Financing Deals Disbursed

Chart shows the number of financing deals issued annually.

Customer Concentration Profile

This section exhibits the geographic and sector concentrations of our customers.

Geographic Distribution of Customers

Geographical breakdown of investors.

Sector Distribution of Customers

Industry-wise financing distribution

Pricing and Returns

This section is about the cost of financing to the borrowers, and the returns on investment for the investors on the Lendo platform.

Returns to Investors (Annualized)

Investors: This chart displays the annualized return on investment (Gross) or ‘Profit Rate’ for investors on our platform. From this Profit Rate, Lendo takes a success fee, usually 20% of the profit amount. This success fee is Lendo’s ‘skin in the game’, and only collected when the investor is paid. Any losses will reduce the investor returns as well as Lendo success fees.

Cost to borrowers (Annualized)

Borrowers: This chart displays the annualized borrowing cost. Additionally, Lendo will charge a small management fee to the borrower, usually between 1 - 3% of the loan amount.

Worked Example

Investor Returns = Gross ROI less Lendo success fee (at 20%) less Loss Rate (at ‘Target Annualised Loss Rate’ 2%).

Eg,The Gross ROI in 2021 was 12.5%. So Investor Returns in 2021 (before losses) is computed as 12.5% - ( 20% * 12.2% ) = 9.8%. The 2021 cohort experienced no losses, so this was also the final returns our investors realized.

Risk

This chart shows the distribution of our financing by our internal risk band. It summarizes all loans originated in 2023, 2024, and over the lifetime.

Risk profile of Lendo Financing

Super Prime: A rated financing, Prime: B and C rated financing, Near Prime: D rated financing

Risk Band (target default vs actual)

Band

Target

Actual

0.6%

0.0%

1.3%

0.0%

2.3%

1.4%

5.0%

2.0%

The breakup of our Risk Band level default rates (90+ rates), vs targeted default rates

Performance of our book (matured financing)

Status

Performance

Satisfactory

97.5%

Delayed

1.5%

Lifetime Default

1.1%

The figures include historic performance since inception. For example, 1.5% of Lendo loans have historically been Delayed, even though most of these historic Delays have since paid up and the loans are now closed.

Satisfactory is defined as loans that have either been repaid early or on time, and no later than 29 days after the payment due date. This is equivalent to ‘Stage 1 performing assets’.

Delayed is defined as loans that are repaid between 30 - 89 days after the payment due date. This is equivalent to ‘Stage 2 underperforming assets’.

Lifetime Default is defined as loans that are repaid after 90 days, or remain still unpaid ast reporting date. We continue to pursue recovery on these and do not ‘write off’ the finances. This is equivalent to ‘Stage 3 non-performing assets’.

Notes:

To date, we have had three borrowers who have defaulted.

We have had one C rated business go past 90 days, across 12 loans.

We have had two D rated businesses default across 16 loans.

We are actively pursuing the borrower to collect out the owed amounts on behalf of our investors. Once recovered, we will update the default rates accordingly.

Reporting date is 30th June 2024.