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. All figures are cumulative.
Value of Loans Disbursed (MM SAR)
The total amount of loans disbursed to borrowers in a year. For 2024, we have forecasted the total loans based on our traction and plan.
The chart displays annual financing amounts, with figures in millions.
Number of Loans Disbursed
The total number of loans disbursed to borrowers in a year. For 2024, we have forecasted the total loans based on our traction and plan.
Chart shows the number of financing deals issued annually.
Customer Concentration Profile
This section exhibits the geographic and sector concentrations of our customers.
Distribution of Loans Amount Disbursed by City
The percentage of loans (by amount) disbursed to borrowers by the City where the borrower is located at the time of loan disbursement.
Geographical breakdown of investors.
Distribution of Loans Amount Disbursed by Sector
The total amount of loans disbursed to borrowers in a year. For 2024, we have forecasted the total loans based on our traction and plan.
Industry-wise financing distribution.
Risk profile of our borrowers
This chart shows the distribution of our loans by our internal risk band. This is a summary of all loans originated in 2023, 2024, and lifetime.
Super Prime: A rated loans, Prime: B and C rated loans, Near Prime: D rated loans
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.
Annualized Investor Returns Net of Lendo Success Fees by Cohort of Origination
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.
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.
Worked Example: Investor Returns = Gross ROI less Lendo success fee (at 20%) less Losses.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.
Annualized Rates paid by the business (by risk band)
This chart displays the annualized borrowing cost to businesses. Additionally, Lendo charges a small management fee on top, usually between 1 - 3% of the loan amount.
Last update: June 30, 2024
Risk Management
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.
Loss Rates by Risk Band, vs Target Loss Rates
Definition of Lifetime Loss Rate: Amount defaulted divided by total loans made.For each Risk Band and for the overall Lendo portfolio, we have a target Lifetime Loss Rate. We measure the performance of our Risk Bands and the total book against these targets.
Band
Target
Actual
A
0.6%
0.0%
B
1.3%
0.0%
C
2.3%
1.4%
D
5.0%
2.0%
Total
2.0%
0.8%
Definition of loss rate: Amount defaulted divided by total loans made.
Performance by Cohort
The chart below track the performance of our book over time. For each annual cohort of origination, we track the amount that was due for repayment. Of that amount, we then track the actual performance.
Early and On Time: Total repayment that was made early, on-time, or with 2 weeks of due date.
Late: Total amounts that are either currently 15 - 89 days late, or were paid off 15 - 89 days late.
Default: Total amounts that are either currently 90+ days late, or were paid off 90+ days late.
Late: Total amounts that are either currently 15 - 89 days late, or were paid off 15 - 89 days late.
Default: Total amounts that are either currently 90+ days late, or were paid off 90+ days late.
Lifetime Credit Performance
The Table displays 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.
Status
Performance
Satisfactory
97.7%
Delayed
1.5%
Lifetime Default
0.80%
Satisfactory is defined as loans that have been repaid no later than 29 days after the payment due date, or are currently outstanding and either current or late but no more than 29 days past due date. This is equivalent to ‘Stage 1 performing assets’.
Delayed is defined as loans that are repaid late between 30 - 89 days after the payment due date, or are outstanding and late between 30 - 89 days past due. This is equivalent to ‘Stage 2 underperforming assets’.
Lifetime Default is defined as loans that are repaid after 89 days past due date, or remain unpaid at the reporting date. We continue to pursue recovery on these and do not ‘write off’ the loans. This is equivalent to ‘Stage 3 non-performing assets’.
All numbers are before any collections and recoveries.
Notes:
*Definition of Lifetime Loss Rate: Amount defaulted divided by total loans made. Historical performance is not indicative of future performance
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.
RISK WARNING
The competent finance team at Lendo evaluates the credentials of each business before finalizing a user agreement. As a buyer-centric entity, Lendo adheres to a set of compliance practices and mechanisms to ensure that only authentic listings are featured on the platform for funding purposes. Nonetheless, it is imperative for investors to understand that they are lending to businesses which maybe at the early-stages of establishing their presence in the industry. Therefore, the level of risk associated with such investments is higher which could also result in a potential loss and delays in repayment. It is necessary to understand that you could lose your money.
The competent finance team at Lendo evaluates the credentials of each business before finalizing a user agreement. As a buyer-centric entity, Lendo adheres to a set of compliance practices and mechanisms to ensure that only authentic listings are featured on the platform for funding purposes. Nonetheless, it is imperative for investors to understand that they are lending to businesses which maybe at the early-stages of establishing their presence in the industry. Therefore, the level of risk associated with such investments is higher which could also result in a potential loss and delays in repayment. It is necessary to understand that you could lose your money.
Contact Number: 800 1111 806
Address: Al Olaya Tower B, Riyadh, 12213, Saudi Arabia
