They offer loans across many different industries and at many different risk levels. In total, they are 6 people working at Crowdestor (2018). All loans are collateral backed and/or covered by the Buyback Fund. Crowdestor is a Latvian p2p lending platform for SME loans. What is Crowdestor? CROWDESTOR earns 3-5% from raised funds, which is a market typical average. On invitation of Crowdestor* I travelled to Riga and met the founders of Crowdestor Janis Timma and Gunars Udris. Over time, the cookies used may be updated and adapted for the needs of improving the quality of service delivery, All rights reserved 2021. Our Legal expert on the credit committee have worked in the major Scandinavian Bank as a Head of Workout Unit for four years, took Head of Legal department in Latvian Bank, and Head of Legal at the insurance group. The third member of credit committee who is also a business product owner at CROWDESTOR has joined CROWDESTOR after 5-year career in banking where he worked as Private Banker and an Investment Specialist. In addition to procurements being limited to the right bank of Daugava river – the right bank is divided into 2 zones - TEC-1 and TEC-2 zones which do not compete with one another during the heating season. Why did you first raise the money in Crowdestor (650k EUR), not Envestio? The cheapest bids win procurements and can sell their heat. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email this to a friend (Opens in new window), Crowdestor thought we were being too harsh on them. The project will be ready to begin operations and produce cash flow upon completion. On phase 4 of the project will be inaugurated, worth 200,000 euros. Georg Septemcrowdlending company visits / Investing 6 Comments Listen to the podcast or read below. The industry is legislated by Energy Law and Competition Council decisions and Natural gas stations like TEC-1 have regulated tariffs based on the gas price. Crowdestor have funded around 50 projects listed on their website. What % have repaid in full, and what % are running late or defaulted? A project is led by the CROWDESTOR CEO Janis Timma, who participates with a 2 million EUR skin-in-the-game - his personally owned 15 MW biomass operational energy production plant, which will be invested in the Holding. Some deals should have an equity crowdfunding structure. From 2nd year of operations EBITDA EUR 4.1 million EUR + p.a. I always marvel the agility of these companies. Can you give an overview of what the performance of Crowdestor loans have been so far? Nevertheless, Crowdestor for me is a great learning opportunity. This was an asset, which has great return potential once the crisis will be over, so the decision was primary based on the earning upside potential. What is Crowdestor? Today we have two guests! I recently had the opportunity to visit another crowdlending platform in person. The excess woodchip supply is mainly exported.
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