As countries and businesses steer through these troubled times, here at TFGcrowd we maintain a positive outlook on the future. Although it has been a challenging period, we can update you that during the period from January till May 2020:
- 11 projects financed through TFGcrowd platform have been successfully repaid in full
- All interest has been paid on time on all projects
- No projects have defaulted
- 4 projects have had partial repayments of the principal amount
We are working round the clock to ensure that any delays in repayments by the borrowers are kept to the minimum and, as a gesture of good will from our side,
we have offered re-investment options for those investors wishing to keep earning interest on any currently delayed repayments
We believe that focusing our efforts on maintaining regular communication with all the businesses to ensure that they keep up the payments to their investors has put us ahead of many other crowdfunding platforms, which have unfoundedly opted for suspension of any repayments to their investors.
The businesses sourcing finance on the TFGcrowd platform, who have been forced to delay their repayments due to the Covid-19 crisis, foresee this as a short-term impact and they are reflecting their commitment to full repayment by making partial repayments to the investors, as their financial situation allows and are confident that they will be able to make the repayments in full, as the situation normalises.
Keep safe and keep investing!