You're reading the April 2024 edition of LANDE's Platform Performance Report, which we publish monthly to highlight our progress in loan issuance and debt collection as well as to provide updates on other internal or technical developments. 

The total amount issued to farmers on the LANDE platform in April 2024 was €890,531 across 44 projects (avg. project value €20,239). The breakdown by country is as follows:  

102 new investors registered on the LANDE Platform in April. 

LANDE investors earned a total of €72,758 in interest in April, getting to an all-time total of €1.41 million. 

The Investor Relations team reported a 17% decrease in the number of customer support tickets in April versus March, following a 30% decline in the previous month, reflecting the fact that the IT team has fixed a series of significant technical issues that had affected investor balances and transactions at the beginning of the year. Now that more IT resources are available, our team is preparing the relaunch of the Secondary Market and making improvements to the Auto-invest function.  

Loan repayments  

Upon a mid-April snapshot, out of a total of 997 projects funded through the LANDE platform, 436 have been repaid in full while 561 are active, with their repayment status detailed below:  

In Latvia, 3 loans were fully repaid in April. 4 clients are scheduled to make final payments in May. 

In Lithuania, 2 LANDE clients fully repaid their loans in April, with 1 client scheduled to finalize the repayment process in May. 

In Romania, one client finalized their repayment process in April. No projects are scheduled for final repayments in May. 

Debt collection  

A total of 52* projects are currently in default across LANDE markets by our debt collection teams, after all soft recovery processes were exhausted. 

*Platform statistics extract above displays a slight difference in number of defaulted projects due to some pending debt collection updates in the main database.  

Of all defaulted projects, 35 are currently in the most advanced stages of legal and recovery proceedings (with either peaceful settlements or final court decision for enforcement issued). 28 are already being enforced by bailiffs who are seizing the sellable assets and organizing auctions. The duration of recovery of assets by bailiffs will vary by market and case particularities. 

Each project's specific status in the hard recovery process can be found on individual project pages in investors’ portfolios. Read more about LANDE's loan protection and debt collection practices here.  

For better process tracking, we have also introduced a new project information section called the Debt Collection Stage, which will appear on each project page and provide insight into the exact steps being taken behind the scenes by our debt collection and legal teams for each individual loan that’s experiencing delays in repayment. Learn more about the stages here.  

We will continue to make improvements to our loan issuance and debt collection practices in order to ensure strong security and low risk for investment projects and maintain a high level of transparency across the board. We are confident that the new processes and rules we have implemented in recent months will lead to more positive outcomes for all stakeholders.