{"id":56526,"date":"2021-04-08T10:00:00","date_gmt":"2021-04-08T07:00:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=56526"},"modified":"2021-04-08T10:00:00","modified_gmt":"2021-04-08T07:00:00","slug":"bondora-originations-continue-to-grow","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/bondora-originations-continue-to-grow\/","title":{"rendered":"Bondora originations continue to grow"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Bondora originations grew for the third consecutive month in March. Totaling \u20ac7,723,492, originations climbed \u20ac1,260,760 <a href=\"https:\/\/www.goandgrow.eu\/blog\/finland-leads-bondora-originations\/\">compared to February<\/a>, which translates to a 19.5% growth rate.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/image-451.png\" alt=\"Bondora originations grew for 3 months in a row.\" class=\"wp-image-56528\" \/><figcaption><em>Bondora originations grew for 3 months in a row.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-country-breakdown\">Country breakdown<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Once again, Bondora limited originations to Finland and Estonia, both of which grew on the month. Estonian originations rose by 22.8% to \u20ac6,338,915, while Finnish loans were higher by 6.4% to \u20ac1,384,577 over the month. The increase in Estonian originations brought its total share of all Bondora originations up to 82.1% from 79.9% last month.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Capture-2.png\" alt=\"Country breakdown\" class=\"wp-image-56607\" \/><figcaption><em>Country breakdown<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-origination-by-country-march-2021\">Origination by country \u2013 March 2021<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">D-rated loans continued to be the only originating category for Finnish loans, accounting for 17.9% of all Bondora originations, compared to 20.1% last month. They also had a similar interest rate to February (18.9%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, all Estonian categories increased their origination amounts in March by the following percentages:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>B-rated: +11.1%<\/li><li>C-rated: +19.0%<\/li><li>D-rated: +38.6%<\/li><li>E-rated: +48.3%<\/li><li>F-rated: +231.9%<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">However, unlike last month, only E-rated loans&#8217; interest rate rose by 1.0% to 45.0%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Share-by-rating-country-and-amount_EN_Mar-1024x274.png\" alt=\"Origination by country \u2013 March 2021\" class=\"wp-image-56540\" \/><figcaption><em>Origination by country \u2013 March 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-loan-amounts\">Loan amounts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Estonian loan amounts grew from \u20ac2,617 in February to \u20ac2,783 in March. This is a reversal of the downward trend we&#8217;ve seen over the past two months. Finnish loan amounts were also higher, averaging \u20ac2,942 in March.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-amount-E_EN_Mar.png\" alt=\"Average loan amount \u2013 March 2021\" class=\"wp-image-56547\" \/><figcaption><em>Average loan amount \u2013 March 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-loan-duration\">Loan duration<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As expected, Estonian originations came in at the same 56-month average as the past year. Finnish loans were also consistent compared to last month, maintaining a 57-month average.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-duration_EN_Mar.png\" alt=\"Average loan duration \u2013 March 2021\" class=\"wp-image-56553\" \/><figcaption><em>Average loan duration \u2013 March 2021<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Estonian originations skewed toward the top and bottom of duration lengths. This means there was an increase in originations at 6-, 9-, and 12 months and increases at 42-, 48-, 54-, and 60-months. These figures did balance themselves out, which is why the average duration remained at 56-months. Finnish originations saw a similar trend, with increases in 6-, 12-, and 60-month originations.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Number-of-loans-per-duration-in-months_Mar.png\" alt=\"Number of loans per duration \u2013 March 2021\" class=\"wp-image-56559\" \/><figcaption><em>Number of loans per duration \u2013 March 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-average-age\">Average age<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The average age of Estonia borrowers came to 37 years old for the second month in a row. On the other hand, Finnish borrowers were, on average, older this month, averaging 48 years of age\u2014up two years from last month.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-age_EN_Mar.png\" alt=\"Average age \u2013 March 2021\" class=\"wp-image-56567\" \/><figcaption><em>Average age \u2013 March 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-income\">Income<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Estonian borrowers&#8217; income was sharply lower, down by 16.4% month-over-month, averaging \u20ac1,891 compared to \u20ac2,261 in February. Finnish borrowers also saw their income decline in a statistically significant way. Finnish borrowers averaged \u20ac3,165, a 21.7% decline in the month.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-net-income-E-P.M_EN_Mar.png\" alt=\"Average net income \u2013 March 2021\" class=\"wp-image-56573\" \/><figcaption><em>Average net income \u2013 March 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-education\">Education<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The number of Finnish borrowers with a high school (36) and university (114) education was lower on the month, even as total originations rose. This brought the ratio of Finnish borrowers with a vocational school education even higher, garnering 53.5% of all Finnish originations, compared to 47.0% last month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There was an increase in all categories of education for Estonian originations as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;<\/td><td><strong>Feb<\/strong><\/td><td><strong>March<\/strong><\/td><td><strong>Percent Increase<\/strong><\/td><\/tr><tr><td><strong>Junior high school<\/strong><\/td><td>382<\/td><td>444<\/td><td>+16%<\/td><\/tr><tr><td><strong>Vocational school<\/strong><\/td><td>460<\/td><td>546<\/td><td>+19%<\/td><\/tr><tr><td><strong>High school<\/strong><\/td><td>833<\/td><td>943<\/td><td>+13%<\/td><\/tr><tr><td><strong>University<\/strong><\/td><td>297<\/td><td>344<\/td><td>+16%<\/td><\/tr><\/tbody><\/table><figcaption><em>Education for Estonian originations<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Education_EN_Mar.png\" alt=\"Education \u2013 March 2021\" class=\"wp-image-56579\" \/><figcaption><em>Education \u2013 March 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-employment\">Employment<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Borrowers employed up to 5 years (969) overtook those employed for more than 5 years (908), garnering a 35.3%. Those with the employment status of Other or being retired continue to be the least common employment statuses for Bondora borrowers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Employment-duration_EN_Mar.png\" alt=\"Employment \u2013 March 2021\" class=\"wp-image-56586\" \/><figcaption><em>Employment \u2013 March 2021<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-home-ownership-status\">Home-ownership status<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Of all Estonian borrowers, 40.6% were homeowners, down from 43.2% in February. This was followed by Estonian borrowers living as tenants at 22.7% of borrowers in the country. Finnish borrowers had fewer homeowners this month and more of a shift to those with a mortgage (41) and living as tenants (114).<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Home-ownership_EN_Mar.png\" alt=\"Home-ownership status \u2013 March 2021\" class=\"wp-image-56593\" \/><figcaption><em>Home-ownership status \u2013 March 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-verification-status\">Verification status<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The verification rate for Finnish borrowers once again hit 100% after failing to do so in February. Meanwhile, Estonian borrowers were slightly less likely to be verified, but only by a negligible amount. 98.1% of Estonian borrowers were verified in March, down only 0.4% from a month prior.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Verification_EN_Mar.png\" alt=\"Verification status \u2013 March 2021\" class=\"wp-image-56599\" \/><figcaption><em>Verification status \u2013 March 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-originations-surge\">Originations surge<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bondora originations surged higher by 19.5% in March. This surge was mainly led by Estonian originations, which totaled \u20ac6,338,915 on their own. March was the third month of growth for originations on the Bondora platform. It&#8217;s a positive trend that investors hope will continue as we turn toward spring and into summer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Find out more about Bondora investment opportunities <a href=\"https:\/\/www.goandgrow.eu\/en\/our-products\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bondora originations grew for the third consecutive month in March. Totaling \u20ac7,723,492, originations climbed \u20ac1,260,760 compared to February, which translates to a 19.5% growth rate. Country breakdown Once again, Bondora limited originations to Finland and Estonia, both of which grew on the month. Estonian originations rose by 22.8% to \u20ac6,338,915, while Finnish loans were higher [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":56528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[],"class_list":["post-56526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats-and-data"],"acf":[],"featured_image":null,"categories_names":["Stats &amp; Data"],"category_name":"Stats &amp; Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/56526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/comments?post=56526"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/56526\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=56526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=56526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=56526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}