As of Oct 2021
The following are the results of Social Money Ltd (SoMo) trading since inception and as BridgeCrowd. Your Capital is at risk. Future returns may not follow past returns.
|Average monthly interest earned by investors||1%||1%||1%||1%||1%||1%||0.9%||0.88%||0.76%|
|Average annualised interest earned by investors||12%||12%||12%||12%||12%||12%||10.8%||10.56%||9.12%|
Loans repaid in full67
Loans still outstanding0
Loans repaid in full63
Loans still outstanding1
Loans repaid in full127
Loans still outstanding2
Loans repaid in full139
Loans still outstanding10
Loans repaid in full176
Loans still outstanding34
Arrears and Repossessions*
|Percentage of loans that...||2015||2016||2017||2018||2019||2020|
|Repay on or before the loan term||72%||74.5%||76.2%||75.1%||73.8%||64.3%|
|Require / offered an extension||26%||25.5%||23.8%||24.9%||26.2%||35.7%|
|Percentage of interest that is returned during default period||100%||100%||100%||100%||100%||100%|
|Percentage of loans where full capital and all interest is returned||100%||100%||100%||100%||100%||100%|
*A Capital loss or interest loss is only categorised when all reasonable avenues of recovery have been exhausted.
SoMo / Social Money ltd has made consistent profits since inception. These figures reinforce the strength of the business model and showcase the stability of the company and the platform.
*Past performance is not necessarily a reliable indicator of future performance
Your Capital is at Risk. Past performance is not necessarily a reliable indicator of future performance. Please ensure that you read our Risks statements and do not lend if you do not understand the risks. Do not lend more than you can afford to lose and seek financial advice if you are unclear about anything. Risks.
Zero Capital Losses
As of October 2021 Social Money has been trading for 9 years and lent over £196,000,000 in 600+ loans. We are pleased to state that we have experienced zero capital losses and every loan has repaid investors all of their capital and interest at the advertised rate in full. Past performance is not necessarily a reliable indicator of future performance. Capital losses are only categorised when all reasonable avenues of recovery have been exhausted.