EUR191'475.88

To protect the interests of our investors, 2% of each project funded through the TFGcrowd platform until 31st January 2021 (except for loans Guaranteed by Guarantor) went towards the TFG Buyback Guarantee Fund. These funds are kept in a separate, segregated account, which was specifically opened for this purpose and will be used in case any of the borrowers of the projects open for investments on our platform on or before 31st January 2021 (except for loans Guaranteed by Guarantor) default (meaning a borrower misses the repayment deadline of the particular loan by more than 60 days). For the avoidance of doubt, any investments made through the TFGcrowd platform on or after 01st February 2021 are not covered by the Buyback Guarantee Fund.

 

 

Guaranteed by Guarantor

When you see that a certain loan on the TFGcrowd platform is Guaranteed by Guarantor, it means that, if the loan repayments on this particular loan are delayed by more than 60 days, the respective Guarantor will step in and repay the relevant loan together with accrued interest by buying back the investor claims (including accrued interest) on the respective loan.

Each loan of this type is guaranteed by its own Guarantor. One Guarantor may, at the same time, guarantee numerous loans on the platform. When only partial loan repayment is made by a Guarantor, claims will be bought back proportionately.

When a loan is guaranteed by a Guarantor, other buyback guarantees do not apply (i.e. these types of loans are not secured by TFGcrowd’s Buyback Fund). TFGcrowd is not a Guarantor of any of the loans Guaranteed by Guarantor and does not bear any financial or other liability if repayment of the loans or interest is delayed or not paid.