To date, farmers have successfully repaid 38.60 million EUR in principal to our investors, along with 7.76 million EUR in interest and 1.67 million EUR in delayed interest. In April alone, investors received 1.03 million EUR in repayments, including 722KM EUR in principal, 243K EUR in interest, and 49K EUR in delayed interest. Looking ahead, 0.62 million EUR in repayments is scheduled for May 2025.
Based on the repayment schedule, 79.4% of loans are being paid on time or have already been repaid. Meanwhile, loans with a principal overdue by more than 90 days amount to 10.13M EUR, representing 12.8% of the total issued amount.
| Rating | Current and repaid | <=30 | 31-60 | 61-90 | >90 |
|---|---|---|---|---|---|
| A+ | 89.3% | 9.0% | 0.5% | 0.4% | 0.7% |
| A | 83.1% | 5.6% | 1.8% | 0.6% | 8.9% |
| B+ | 78.4% | 6.4% | 1.1% | 0.4% | 13.6% |
| B | 78.3% | 3.1% | 3.8% | 0.7% | 14.1% |
| C+ | 68.4% | 2.4% | 2.8% | 2.4% | 24.1% |
| C | 73.2% | 2.9% | 0.0% | 1.8% | 22.2% |
| Total | 79.4% | 4.8% | 2.3% | 0.7% | 12.8% |
| Country | Current and repaid | <=30 | 31-60 | 61-90 | >90 |
|---|---|---|---|---|---|
| Bulgaria | 64.3% | 4.1% | 0.8% | 2.6% | 28.1% |
| Latvia | 91.3% | 4.6% | 0.0% | 0.0% | 4.1% |
| Lithuania | 87.3% | 3.0% | 2.1% | 0.4% | 7.1% |
| Poland | 58.6% | 11.7% | 4.0% | 0.7% | 25.0% |
| Portugal | 57.4% | 2.9% | 1.5% | 3.2% | 35.0% |
| Total | 79.4% | 4.8% | 2.3% | 0.7% | 12.8% |
The following table demonstrates the farmers’ repayment habits in a more detailed manner by depicting loans with factual repayment delinquencies. As of now, 83.4% of the payments have either been made within the last 30 days or have already been fully settled.
| Rating | Payment made in the last 30 days or repaid | 31-60 | 61-90 | 91-360 | >360 |
|---|---|---|---|---|---|
| A+ | 90.3% | 9.0% | 0.1% | 0.0% | 0.6% |
| A | 86.1% | 4.5% | 1.4% | 2.4% | 5.6% |
| B+ | 82.3% | 3.8% | 0.7% | 7.4% | 5.8% |
| B | 83.3% | 1.9% | 3.4% | 5.2% | 6.3% |
| C+ | 73.0% | 3.0% | 0.5% | 8.3% | 15.2% |
| C | 77.3% | 1.1% | 0.2% | 5.8% | 15.6% |
| Total | 83.4% | 3.4% | 1.8% | 5.0% | 6.4% |
| Rating | Payment made in the last 30 days or repaid | 31-60 | 61-90 | 91-360 | >360 |
|---|---|---|---|---|---|
| Bulgaria | 67.8% | 6.2% | 2.2% | 14.7% | 9.1% |
| Latvia | 95.6% | 0.4% | 0.0% | 1.5% | 2.6% |
| Lithuania | 89.8% | 2.4% | 2.0% | 2.6% | 3.2% |
| Poland | 68.3% | 6.3% | 1.4% | 9.9% | 14.1% |
| Portugal | 59.4% | 4.6% | 0.2% | 8.5% | 27.3% |
| Total | 83.4% | 3.4% | 1.8% | 5.0% | 6.4% |
The graph below demonstrates the loan originations, principal repayments, and interest payments for each quarter according to the repayment schedules. For example, during Q2 of 2021, 4.01M EUR of loans were funded, of which 3.66M EUR has already been repaid along with 578K EUR of interest. 27K EUR is overdue for less than 90 days and 302K EUR is overdue for over 90 days. (If at least 1 installment is overdue, we treat the whole principal amount as being late).
Fully repaid loans in April
In April, 20 loans were fully repaid to the InSoil investors. Finished loans generated an average factual return rate of 16.66%. Notably, the factual return rate ranged from 92.34% to 10.87%. The total issuance for the loans amounted to 419K EUR. Investors received 72K EUR in interest and 14K EUR in delayed interest for the loans that were fully repaid during April.
| Project number | Rating | Actual project terms, months | Loan amount | Interest, EUR | Delay interest, EUR | Annualized rate of return |
|---|---|---|---|---|---|---|
| LT0002757 | B | 1 | 7,000.00 | 326.28 | 0.00 | 92.34% |
| LT0001484 | B | 21 | 15,000.00 | 2,465.10 | 1,528.63 | 21.54% |
| PL0001651 | B | 18 | 10,150.00 | 2,086.12 | 259.97 | 19.39% |
| LT0001592 | A | 20 | 15,000.00 | 2,940.86 | 639.63 | 17.88% |
| LT0002074 | A | 10 | 40,000.00 | 4,182.57 | 1,334.84 | 17.33% |
| PL0001093 | C | 28 | 33,005.00 | 5,429.36 | 2,344.87 | 16.89% |
| PL0001800 | A | 14 | 15,000.00 | 1,269.68 | 316.47 | 16.21% |
| PT0000593* | B | 37 | 11,500.00 | 3,147.14 | 874.40 | 16.00% |
| BG0000633 | B | 34 | 67,970.00 | 16,857.90 | 2,096.71 | 15.91% |
| BG0000822 | A | 33 | 15,000.00 | 3,378.94 | 1.62 | 15.35% |
| LT0001570 | B | 19 | 15,000.00 | 2,767.17 | 389.03 | 15.34% |
| LT0002344 | A | 6 | 12,000.00 | 834.11 | 0.00 | 14.89% |
| LT0002241 | A | 7 | 7,700.00 | 557.79 | 0.00 | 14.58% |
| LT0001881 | B | 14 | 52,000.00 | 6,505.39 | 1,393.62 | 13.83% |
| LT0002221 | B | 8 | 15,000.00 | 935.51 | 13.10 | 13.68% |
| PT0000692* | A | 34 | 11,500.00 | 3,750.37 | 697.58 | 13.37% |
| PL0000842 | B | 33 | 23,520.00 | 4,733.70 | 649.70 | 13.02% |
| PL0000844 | B | 33 | 23,520.00 | 4,611.62 | 667.13 | 12.76% |
| LT0001624 | C | 19 | 20,800.00 | 3,407.61 | 0.00 | 12.36% |
| BG0000293* | C | 42 | 8,160.00 | 1,534.97 | 315.94 | 10.87% |
| Total | 418,825 | 71,722 | 13,523 |
PT0000692 – Terminated on 2023-06-02
The loan agreement PT0000692 was issued on 2022-05-19 with personal guarantees from the company’s shareholders. The borrower began to experience financial difficulties starting from the fifth monthly installment in October 2022. After that, no further payments were made, leading to the termination of the loan agreement on 2023-06-02.
Following the termination, multiple attempts were made to reach an out-of-court settlement. Despite repeated contact, the debtor showed no willingness to resolve the outstanding debt voluntarily. As a result, on 2024-01-19, the case was formally referred to the court for enforcement proceedings. A commercial property valued at approximately €30,000 was identified and seized.
The judicial sale process culminated in an electronic auction held on 2025-02-25, where the property was sold for €45,000. The debt was fully settled using the proceeds from this sale.
PT0000593 – Terminated on 2025-02-14
This loan was issued on 2022-05-06 and backed by personal guarantees from the company’s shareholders. Difficulties began with installment 28 of 40, and from installment 29 onward—dated 2024-09-12—the borrower ceased making payments entirely. No communication was received despite repeated contact attempts via phone, SMS, and email, indicating no willingness to resolve the debt.
Following the contract’s termination on 2025-02-14, the case was referred to the court on 2025-02-20 for enforcement proceedings. A residential property, identified as the borrower’s home and valued at approximately €90,000, was seized as part of the process. Although judicial sale preparations were initiated, the auction was ultimately avoided, as the borrower repaid the debt in full before the listing was published.
BG0000293 – Terminated on 2024-03-02
This loan was secured by dairy-processing equipment, including a refrigeration unit, pasteurizer, labeling scale, and vacuum packaging machine, with a total estimated value of €11,800. After nearly a year of regular performance, the borrower became delinquent, and the contract was formally terminated on 2024-03-02.
Initially, InSoil attempted to reach an out-of-court settlement, but the borrower failed to meet the proposed terms. Legal proceedings began in mid-2024, resulting in a writ of execution and case transfer to the bailiff for potential enforcement action.
However, starting from late 2024, the borrower gradually resumed payments. Throughout early 2025, repayments continued consistently, and the client committed to further partial payments to address the remaining obligations.
Recovery
In April 2025, 134K EUR was recovered from defaulted loans (loans in which the contract with the borrower was terminated and a hard recovery process initiated) and distributed to investors. The total recovered funds from defaulted loans amount to 4.23M EUR.
The chart below represents recovery in time. The principal amount that defaulted in 2021 H2 is recovered in full with interest, resulting in a 103.46% recovery rate.
Make sure to visit our project page to see the latest investment opportunities available on our platform. For those interested in our Green Loans, we encourage you to subscribe to our Carbon Monthly newsletter that will keep you informed on the latest developments within the carbon credits sector.
Happy investing!
InSoil team
