{"id":74258,"date":"2021-09-23T11:00:00","date_gmt":"2021-09-23T08:00:00","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=74258"},"modified":"2021-09-23T11:00:00","modified_gmt":"2021-09-23T08:00:00","slug":"more-than-e11-million-originated-on-bondora-in-august","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/more-than-e11-million-originated-on-bondora-in-august\/","title":{"rendered":"More than \u20ac11 Million Originated on Bondora in August"},"content":{"rendered":"\n

After seven straight months of origination increases, August saw a slight decrease in Bondora\u2019s originations. A total of \u20ac11,584,049 was originated in August, a 2.0% decline compared to July<\/a>. Nonetheless, it\u2019s still a considerable amount of new loans originated.<\/p>\n\n\n\n

\"More
More than \u20ac11M originated on Bondora in August.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Country breakdown<\/h2>\n\n\n\n

Finland and Estonia saw their originations go in opposite directions in August. Estonian originations were lower by 3.8%, while Finnish origination totals grew by 1.2%. This brought the total share of Finnish originations on Bondora up to 36.6% from 35.6% in July. Additionally, the cumulative interest rate on all Bondora originations rose by 0.2% to 21.9%.<\/p>\n\n\n\n

\"Origination
Origination by country \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Once again, Finland only originated D-rated loans. Meanwhile, in Estonia, originations shifted slightly to mid-range rating categories. Below you can see how the following Estonian origination rating categories increased their percent shares of all Bondora originations.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

\"Origination
Origination by rating\/country \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Loan amounts<\/h2>\n\n\n\n

The average Estonian origination amount continues to fall for the fourth consecutive month. In August, Estonian originations averaged \u20ac2,507\u2014a 7.4% decline. Coincidently, the average Finnish loan also totaled \u20ac2,507 in August, representing a 1.6% monthly decline.<\/p>\n\n\n\n

\"Average
Average loan amount \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Loan duration<\/h2>\n\n\n\n

Bondora loan durations held steady in August. Estonian originations averaged 56 months, while Finnish originations came in at an average of 55 months. Both figures are identical to previous months.<\/p>\n\n\n\n

\"Loan
Loan duration \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Estonia saw the most growth in its 6- and 9-month originations, which were higher by 45.0% and 45.5%, respectively. Meanwhile, 36-month originations fell the most, by 20.7%. As for Finnish originations, there was a tremendous 177.8% growth in 9-month originations. However, 60-month originations still accounted for 73.3% of all originations, making them the most powerful of all Finnish originations.<\/p>\n\n\n\n

Another thing to note is that Bondora loans originated at more extreme lengths in August than in previous months. Finland saw 41 originations at a 3-month duration, while Estonia saw several 119-month durations. These 119-month duration loans were due to the new Bondora B Secure+ feature.<\/p>\n\n\n\n

\"Number
Number of loans per duration \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Age<\/h2>\n\n\n\n

Estonian borrowers were on average one year older, averaging 38 years. Finnish borrowers saw the opposite trend, coming in one year younger at 44 years on average.<\/p>\n\n\n\n

\"Average
Average age \u2013 August 2021<\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Income<\/h2>\n\n\n\n

The yo-yo trend of Bondora borrowers\u2019 income continues to sway back and forth in August. Estonian borrowers earned 68.6% more than in July, averaging \u20ac2,296. Meanwhile, Finnish borrowers earned 5.5% less than in July, averaging \u20ac3,082 on the month. Both figures represent the fourth consecutive month of wavering income figures for Bondora borrowers.<\/p>\n\n\n\n

\"Average
Average net income \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Education<\/h2>\n\n\n\n

All education levels of Estonian borrowers were higher in August. The biggest gain was with Estonian borrowers with a university education, which rose by 9.8% to 470 borrowers. This was also true of university-educated Finnish borrowers, which was 6.7% higher. On the flipside, Finnish high school educated borrowers were lower by 8.1%.<\/p>\n\n\n\n

\"Education
Education \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Employment<\/h2>\n\n\n\n

Interestingly, there were 15.9% more retired Bondora borrowers in August, which brought the total share of retired borrowers up from 6.3% to 7.1%. There were also 6.5% more borrowers who had long-term employment\u2014more than 5 years\u2014accounting for 35.0% of all borrowers.<\/p>\n\n\n\n

\"Employment
Employment \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Homeownership status<\/h2>\n\n\n\n

Homeownership is still the most common status for Bondora borrowers. Of all 4,522 borrowers in August, 44.8% were homeowners. Borrowers living with their parents saw opposing trends based on their location. In Estonia, 16.3% more borrowers lived with their parents. By contrast, 14.8% fewer borrowers lived with their parents in Finland compared to a month ago.<\/p>\n\n\n\n

\"Homeownership
Homeownership status \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Verification status<\/h2>\n\n\n\n

Estonian borrowers were verified at a rate of 97.4% in August against 96.7% in July. Meanwhile, Finnish borrowers continue to be verified at an almost perfect rate of 99.9%.<\/p>\n\n\n\n

\"Verification
Verification status \u2013 August 2021<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

A slight decline, but continued origination strength<\/h2>\n\n\n\n

Bondora originations had an excellent run for seven straight months. And while this growth streak came to an end in August, originations still held firm, declining by only 2.0% to \u20ac11,584,049. Interest rates rose across the platform by 0.2%, and there was a strong distribution of Estonian originations across rating categories.<\/p>\n\n\n\n

Learn more about Bondora investment products here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

After seven straight months of origination increases, August saw a slight decrease in Bondora\u2019s originations. A total of \u20ac11,584,049 was originated in August, a 2.0% decline compared to July. Nonetheless, it\u2019s still a considerable amount of new loans originated. Country breakdown Finland and Estonia saw their originations go in opposite directions in August. Estonian originations […]<\/p>\n","protected":false},"author":11,"featured_media":74259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[103,106],"class_list":["post-74258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats-and-data","tag-english","tag-marketpricing"],"acf":[],"featured_image":null,"categories_names":["Stats & Data"],"category_name":"Stats & Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/74258","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=74258"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/74258\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=74258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=74258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=74258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}