A new batch of recoveries from Birima has been transferred to investor accounts today. Birima, our provider in Senegal, was suspended from operating on the MYC4 platform back in 2010 and since then we have been following up on an ongoing basis to ensure that as much as possible of the defaulted portfolio is recovered.
Today’s recoveries amount to €6,100 which has been divided evenly between the 23 defaulted loans. The total amount of Birima recoveries that have been returned to investors in the last year and a half is now €28,525. Read previous blog posts on this topic here: