My Bondora portfolio (2015, February)

February is a short month, so generally your returns are a bit smaller than usual. As suspected, February fell a bit short of January’s results but it was overall a good month. Loans still keep going out relatively quickly and the issues of loans bouncing back a lot seems to have been solved a bit, it definitely looks a bit better on charts.


February was a landmark month in some ways for my portfolio. The total outstanding principal reached 5000€ finally after 2 years and 3 months. It’s definitely a number that I couldn’t really imagine when I started. The downside being that while recovery is slowly happening, then defaulted loans are growing quickly as well and are likely to hit 500€ next month.


The pace of investments is keeping steady, but growing is becoming challenging. I currently have a bit less side projects running as last year, but in theory the actual pay rise for teachers that was announced 2 months ago might actually happen at some point as well, which means a slight boost for investments.


While the total interest earned for Bondora for February was 90,15€, it was only behind January by about 40 cents. Combine that with the small amount earned from Moneyzen, and next month should break 100€ interest per month as I predicted.

New loans

This month I had the automatic bidder do quite a bit of the work. I only hand picked about 10 loans since I didn’t have much time for it. I did get quite a nice balance of higher credit group loans, so I’m quite happy with it.


11 thoughts on “My Bondora portfolio (2015, February)

  1. Looks like you are having quite many HR-loans.
    I personally try to avoid them as they require a significiant portfolio in order to be profitable. For me it doesn’t matter if a person promises me 75 % interest rate if he doesn’t intend to repay anything. Better to have borrowers who are solid repayers.

    How much was the pay rise in Estonia for teachers?

    1. I am heavily reducing the HR amount that I have in my portfolio. I the ones I take in, are 99% Estonian. They base gross pay for teachers was raised from 800€ to 900€! So while still behind the national average, that’s about 60€ net.

  2. Hi Kristi,

    it is nice to read that your income rises. On the contrary, your 60+ overdue seems to rise too.

    In order to check if I loose on principal I calculate the percentage of 60+overdue to income after taxes. Since “Inception”, Nov 2012, until today, which is quite a long track record, I have a ratio of 43%. This month was 94%, which means that I have hardly had a captial gain this month.

    For me to compare would you share yours?


    1. My total interest earned just climbed over 1000€ this month. After tax that leaves a clearly more pessimistic picture.

      1. Okay I see. Not that good.

        Based on 2009/10/11 figures, Recovery for EST appears to be very good. Based on that, I still hope that Recovery kicks in.

        1. More and more of my loans are starting recovery though – just today another loan the defaulted a year ago finally started paying after court documents were processed. I think it will look better as the portfolio grows older.

          1. If it keeps going the same way it has in the past, then it’ll definitely get better. Actually looking at the recovery lately for loans that default between 1-2 years ago (in other words 1-2 year recovery time), the average was somewhere around 30% with some Ratings having over 50% and others hovering a little bit below 20% recovery so far.

            Of course, with recovery, nothing is certain. If another crisis hits, then I’m pretty sure it’ll hit recovery as well as increasing defaults.

  3. The pay raise could be a good idea for teachers to use to start saving/investing. I know they’ve had great success with this kind of investment plans in US where people promise to invest part of their future pay raises (in other words, since you don’t have that money, you don’t have to give up anything).

    This means the quality of life wouldn’t go down as you’ve been already living at the same expenses, but now you could utilize the increase to jumpstart your future well-being.

    Of course, since the raise has already been announced, then maybe most have already imagined how they’ll be using that to increase their lifestyle and investing would already mean giving up on that :)

    1. The sad part is that due to how low the teachers’ salary is after the raise, most will still just be playing catch up. (Teacher salaries still 20% below average even considering the overtime that many put in.)

      1. The purpose should never be to catch up with someone. There will always be someone who earns more than you or some other excuse why you can’t start investing/saving.

        The purpose is to build yourself a better future, increase your income or achieve some other big dream that motivates you to do something about your situation. And for that purpose, a raise is an ideal time to put the money for that use.

        You’re already used to living like you have for before so continue doing that (or perhaps use a small portion of that raise to make yourself feel better…) and use the rest for moving towards one of your bigger dreams or more important goals.

        To be honest, spending that €60 extra on everyday things won’t make you feel any better. Perhaps first month or two, if you do it really purposefully (or if you continuously use it for making other people’s lives better), but after that your quality of life and happiness is exactly same as before.

        However, €60 per month as an investment if you have none so far, will go a long way.

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