bad loan compensation quota

Author Topic
Palatinate 25.07.2017 00:58:30
  • Registered: 22.10.2013
  • Posts: 270

Hi,

I have a bad loan that has not been compensated at 80 % of the lost principal.

Investment number: L16493933
Loan sold 24.07.2017

loan amount: EUR 100,00
principal repaid: EUR 0,12
lost principal: EUR 99,88

theoratical compensation @ 80 %: EUR 79,90
compensation received: EUR 78,25

This is not a big difference, but I need to know if this is a mistake or if you changed the rules, as I want to keep track of my accounting without any mistakes. Please can you explain.

Palatinate
 
vlk494 26.07.2017 11:43:08
  • Administrator
  • Registered: 30.05.2013
  • Posts: 341

Loan compensation can fluctuate between 60-80%, it depends of warranty fund size and from bad loans amount.
At least 60% compensation is guaranteed.

vlk494
 
Palatinate 27.07.2017 22:29:40
  • Registered: 22.10.2013
  • Posts: 270

Hrrmpf. Compared with other P2P platforms, transparency is not the strong side of Omaraha. May I recommend you start publishing the current compensation quota at a prominent place on the website, and noticing the investors by email upon any change.

I trust any defaulted loans are compensated with the same quota each given day, is this correct?

Palatinate
 
Palatinate 10.08.2017 23:46:47
  • Registered: 22.10.2013
  • Posts: 270

quota today @ 76 % (for Estonian defaults).

Palatinate
 
lildvl 20.08.2017 12:47:26
  • Registered: 06.05.2016
  • Posts: 9

Is there an official average quota for Estonian loans that you could share with us, vlk494?

lildvl
 
vlk494 21.08.2017 09:47:49
  • Administrator
  • Registered: 30.05.2013
  • Posts: 341

lildvl
Is there an official average quota for Estonian loans that you could share with us, vlk494?
Official quota is 60%. Everything over that should be considered bonus, because it depends of bad loans amount and warranty fund size and is constantly changing.

vlk494
 
Palatinate 23.08.2017 00:28:06
  • Registered: 22.10.2013
  • Posts: 270

quota today @ 77,9 % (for an Estonian default).

Palatinate
 
lildvl 23.08.2017 11:37:43
  • Registered: 06.05.2016
  • Posts: 9

Than you, both. This is really useful!

lildvl
 
Palatinate 29.08.2017 00:35:59
  • Registered: 22.10.2013
  • Posts: 270

quota today for 3 Estonian defaults average @ 77,8 %.

Palatinate
 
Palatinate 01.09.2017 00:50:34
  • Registered: 22.10.2013
  • Posts: 270

quota today @ 79,18 % (1 Estonian default).

Palatinate
 
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