November 16, 2021,

Bondora Recoveries Stabilize Just Below €1 Million

Bondora Go & Grow

Editorial team

After a booming September, where Bondora recovered more than €2.3 million in missed payments, these figures subsided in October. A total of €977,354 was recovered. Still, even as the total cash recovered dropped back down to earth, the number of recoveries grew over the month.

*Bondora recoveries stabilize just below €1 million.*

A total of 70,876 missed payments were recovered in October, accounting for a slight 0.5% month-over-month increase. Bailiff recoveries still led the charge, up 1.5% on the month, accounting for 46.2% of all Bondora recoveries. Almost the exact number of missed payments were recovered in Spain and Finland, while Estonian missed payment recoveries rose by 1.4%.

*Recoveries by the count of loans – October 2021*

Cash recoveries

Unlike missed payment recoveries, the amount of cash recovered fell drastically this month down to €977,354—a 58.3% decline. Yet, this is to be expected as the amount of cash recovered in September seems to be an outlier compared to previous months in 2021. In October, Spanish recoveries went against the grain and totaled €92,368—a 1.2% increase.

An unsustainable €33.26 average missed payment recovery in September fell back in line with previous months at €13.79.

*Recoveries by cash flow – October 2021*

Yearly recovery rate

At 82.7%, the total return rate for 2021 is still holding well above historical numbers. Meanwhile, 2014 and 2015 recovery rates grew by 0.1% and 0.3%, respectively. All told, the cumulative return rate for 2014-2021 came in at 47.1%—a 0.7% decline.

Recoveries by country

Recoveries for 2021 Estonian originations remain the outlier with a 145.3% recovery rate. At 21.5%, Finnish recoveries for 2021 were in-line with September. Finnish recoveries also fared well for 2020 missed payments, with the return rate growing from 27.1% to 28.0%.

*Recovery rate by country – October 2021*

Recoveries reverse to back to the norm

After what appeared to be an outlier month of more than €2.3 million in cash recovered, Bondora missed payment recoveries came in at numbers that more closely resemble historical figures. An average missed payment of €13.79 and a cumulative return rate of 47.1% for 2014-2021 are figures that should feel more familiar to Bondora investors in 2021.

You can always view missed payment recoveries and all other Bondora data at any time. Check out our real-time statistics to see not only recovery data on all Bondora missed payments, but loan history, returns data, and more.

Bondora Go & Grow

Editorial team

At Go & Grow, our Editorial Team combines years of fintech experience with a passion for financial education. We’re here to share trustworthy insights, platform updates, and easy-to-understand investment tips for everyone.

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Frequently Asked Questions

How is Bondora regulated?
Bondora Capital’s business model is unique, with no direct precedents in the market. As such, there is currently no specific regulatory license that directly applies to our Go & Grow product. However, we work proactively with regulators across the EU to ensure full compliance with all applicable local laws and regulatory frameworks.

To support this, we regularly publish financial updates, audited annual reports, and disclosures, reinforcing our commitment to transparency and investor trust.

At the same time, Bondora Capital is subject to all relevant general regulations, including (but not limited to) the Estonian Consumer Protection Act, the Law of Obligations Act, the Commercial Code, the Accounting Act, the Competition Act, and the General Data Protection Regulation (GDPR).

Additionally, Bondora AS, a member of the Bondora Group, operates as a Licensed Credit Provider under the supervision of the Estonian Financial Supervision and Resolution Authority. In Finland, we operate through a licensed branch regulated by the Finnish Financial Supervisory Authority. We also hold an operating license in Latvia, supervised by Latvijas Banka, and have recently received regulatory approvals to operate in both Denmark and Lithuania.
Are Bondora AS's loans secured?
Bondora issues unsecured loans, meaning credit customers are not required to provide collateral. This approach allows us to offer a faster, simpler, and more accessible lending experience.

Risk is mitigated through multiple layers of protection. Our underwriting process is powered by predictive, data-driven models, trained on deep datasets collected over 17 years. Each borrower is carefully evaluated using a wide range of creditworthiness indicators before any loan is issued.

With Go & Grow, your investment is automatically diversified across hundreds of thousands of loans in multiple countries. This significantly reduces individual borrower risk and adds a layer of protection against regional or geopolitical events.

In the rare event of non-payment, we follow a structured recovery process, working with professional debt collection agencies and, when needed, escalating cases through local legal channels to pursue repayment.
What happens when a borrower doesn't repay?
At Bondora, we do a lot to prevent repayment issues before they happen. Our advanced data models carefully assess each borrower’s creditworthiness, using historical data and predictive analytics to minimize the likelihood of default from the start.

If a payment is delayed, we act quickly but thoughtfully. From the first day of the delay, we reach out to the customer via email, SMS, and automated calls to remind them of their delayed payment and offer flexible options to get back on track. The aim is to find a solution together, whether that means a new payment date or a short-term adjustment.

If the situation doesn’t resolve, we may involve our internal teams or trusted partners to continue the dialogue and explore further options. In some cases, if communication is unsuccessful, the matter may be escalated to the local legal system in line with standard procedures. Legal steps are always a last resort, and the goal is to find the best possible outcome for everyone involved.

Throughout this process, our focus remains on recovering outstanding amounts responsibly and respectfully while protecting investors’ interests.

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What are temporary partial payouts?
Under normal conditions, your Go & Grow withdrawal is paid in full with a single transaction near-instantly. However, in rare and extraordinary circumstances, partial payouts may be activated temporarily. This means your withdrawal will be split into smaller, daily payments until the full amount has been delivered. Only one €1 withdrawal fee applies once you’ve received the full amount.

This protective feature was built into Go & Grow from the start to help maintain stability and safeguard investor returns, so you can stay on track and stay earning, even when the world feels uncertain.

In Bondora’s 17-year history, partial payouts have only been activated once.

While we aim to keep Go & Grow fully liquid, this feature ensures that when conditions require it, your investments remain protected and continue to work for you.
What happens to my investments if Bondora goes bankrupt?
Your money is protected. Even in the highly unlikely event that Bondora Capital becomes insolvent, your investments remain yours. Investors legally own the loan claims, not Bondora Capital.

This means Bondora’s financial situation does not affect the legal ownership of those claims—they continue to belong to the investors. The claims are not part of Bondora’s bankruptcy estate.

Risks related to Bondora as a company are separate from the risks associated with your investment portfolio. Simply put, if Bondora disappears, your investment doesn’t.