Post: WTF?? 40 Days pending

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avatar image Peter Schmidt
Investor
Level 10
  Stats on pending time
Posted 22.10.2008 01:11 CET | Edited 22.10.2008 08:22 CET

Since oct 16 I did copy the information from www.myc4stats.com, the table showing business 100%funded

there has been 97 business 87 has had a closing soon sign
33 was on the list day one- 2 is still left and not closing.

http://spreadsheets.google.com/ccc?key=pv9IgZvfPNVk5KQ0LJHkiHQ

How many days on the list                   Count   
                                      1                15(10 was allready on, "Day one")
                                      2                25    
                                      3                18    
                                      4                21    
                                      5                  6    
                                      6                  2   
   




avatar image Oskar Lund Rasmussen
Investor
Level 9
  WTF?? 40 Days pending
Posted 17.10.2008 13:30 CET

big cancel day



avatar image Thomas Lytje
Investor
Level 10
  WTF?? 40 Days pending
Posted 17.10.2008 12:39 CET | Edited 17.10.2008 12:40 CET

Quote from: Peter Schmidt on 16.10.2008 13:00 CET

Quote from: Thomas Lytje on 16.10.2008 11:15 CET
Here are some that can be closed:

Hi thomas
Its a mix of allready closed business, open and cancelled ( at least the 5-6 I tried) but you are right it would be nice some how to sort the business, make statistics on how long they are open and pending.
Maybe its a job for Claus Lehmann,  screenscraping his own site. Every day making statistics on the progress of bids- How many days does it take in average to get a loan funded compared to country, loan size, interest and maybe businesstype.
I will try to do a manually check next week- it must be possible just to copy paste the information from his 100 % funded page  to an excel-sheet

BTW - the post I made yesterday didn't have link to the business- I know it looked like-- but.

Sorry, - I made a mistake.

I can see that some of them have been put forward already.
But these should still be in that category:

Andrew Juma Oluoch (1)
Wanted interest: 14.50, current interest: 14.50.
Bidend: 14/11.
Country: Kenya
Amount: 324 €

Daniel Kibera Chege (1)
Wanted interest: 14.50, current interest: 11.22.
Bidend: 14/11.
Country: Kenya
Amount: 432 €

Ntako Marc
Wanted interest: 16.00, current interest: 12.70.
Bidend: 13/11.
Country: Rwanda
Amount: 950 €

Sibomana Samuel
Wanted interest: 16.00, current interest: 9.50.
Bidend: 9/11.
Country: Rwanda
Amount: 950 €

Dreams Galore Limited.
Wanted interest: 12.00, current interest: 11.86.
Bidend: 2/11.
Country: Ghana
Amount: 21200 €

Jane Nakyeyune
Wanted interest: 20.00, current interest: 14.24.
Bidend: 30/10.
Country: Uganda
Amount: 3500 €

Baker Kirya
Wanted interest: 13.00, current interest: 12.51.
Bidend: 21/10.
Country: Uganda
Amount: 700 €

Margret Lubadde
Wanted interest: 13.00, current interest: 11.53.
Bidend: 19/10.
Country: Uganda
Amount: 900 €

Ramazani Kibirige
Wanted interest: 13.00, current interest: 12.31.
Bidend: 19/10.
Country: Uganda
Amount: 900 €

Hanifah Namuddu
Wanted interest: 20.00, current interest: 19.08.
Bidend: 19/10.
Country: Uganda
Amount: 4287 €

Mugisa Rajab
Wanted interest: 17.00, current interest: 16.69.
Bidend: 19/10.
Country: Uganda
Amount: 3642 €

Twine Jonathan
Wanted interest: 17.00, current interest: 16.50.
Bidend: 19/10.
Country: Uganda
Amount: 4553 €

Nakamya Carol
Wanted interest: 17.00, current interest: 13.12.
Bidend: 19/10.
Country: Uganda
Amount: 2266 €

Kyarimpa Gerevazi.
Wanted interest: 17.00, current interest: 16.55.
Bidend: 19/10.
Country: Uganda
Amount: 4553 €

Vincent B Ssali.
Wanted interest: 17.00, current interest: 14.54.
Bidend: 19/10.
Country: Uganda
Amount: 6830 €



avatar image Tina
Investor
Level 10
  WTF?? 40 Days pending
Posted 16.10.2008 17:46 CET | Edited 16.10.2008 17:53 CET

Let me be allowed to repeat; quote and pasted from  
http://myc4.com/Portal/WebForms/Forum/DisplayForumPost.aspx?ForumPostId=3955


About getting the expected interest:
 

Quote from: Jes Colding on 30.09.2008 09:02 CET
...... the whole portfolio can yield close to that  by being constandly invested.

this means that it is very important to have a picture on how the providers are performing on various variabels, and I have for my own use made a formula that tryes to take into account, for instance the time from the opportunity is fully funded until the provider on average actually close the opportunity. And the time from being closed to being disbursed.

When you do take these factors into account the providers do perform very different and it is a wish on my part, that I by looking up the individual provider, can get the average number of  weeks, that specific provider keeps the opportunities at the different stages in the proces from investor to opportunity.

Quote end.

In short since the performance is so very different, the aggregated numbers hardly hold any information.

And again we need more competition on this variable, so loans are going to be closed a.s.a.p.




avatar image P2P-Banking.com (C.Lehmann)
Investor
Level 10
  WTF?? 40 Days pending
Posted 16.10.2008 14:26 CET


Quote from: Peter Schmidt on 16.10.2008 13:00 CET

I will try to do a manually check next week- it must be possible just to copy paste the information from his 100 % funded page  to an excel-sheet


Hi Peter,

just takes one click to get it into Excel. If you view the page with Internet Explorer right click on the table. There is an option "Export to Microsoft Excel" in the context menue



avatar image Peter Schmidt
Investor
Level 10
  WTF?? 40 Days pending
Posted 16.10.2008 13:00 CET | Edited 01.12.2014 16:13 CET


Quote from: Thomas Lytje on 16.10.2008 11:15 CET
Here are some that can be closed:

Hi thomas
Its a mix of allready closed business, open and cancelled ( at least the 5-6 I tried) but you are right it would be nice some how to sort the business, make statistics on how long they are open and pending.
Maybe its a job for Claus Lehmann,  screenscraping his own site. Every day making statistics on the progress of bids- How many days does it take in average to get a loan funded compared to country, loan size, interest and maybe businesstype.
I will try to do a manually check next week- it must be possible just to copy paste the information from his 100 % funded page  to an excel-sheet

BTW - the post I made yesterday didn't have link to the business- I know it looked like-- but.


avatar image Thomas Lytje
Investor
Level 10
  WTF?? 40 Days pending
Posted 16.10.2008 11:15 CET | Edited 08.04.2015 05:54 CET

Quote from: Peter Schmidt on 16.10.2008 03:09 CET

Quote from: Thomas Lytje on 15.10.2008 20:41 CET
 - it seems there will be a huge amount of money and a need of loans in the comming days!
Hi Thomas
This isn't so bad
- just came back from prize-jurney to Uganda and Kenya
The providers are so sorry we dont have more money ready to bid- The borrowers complain that the time between they upload their loan till they get it disbursed is too long. The providers I talked to , closes the loans as soon as they are fully funded

Here are some that can be closed:

Ann Wambui Kimiti (Nov 22. - interest wanted 13, now 10.21 - country: Kenya)
George Ouma Ahenda (Nov 13. - interest wanted 15, now 12.17 - country: Kenya)
Janiffer Muthoni Muchugu (Nov 13. - interest wanted 14.50, now 9.49 - country: Kenya)
Felista Wangui Munderu (Nov 13. - interest wanted 15, now 12.74 - country: Kenya)
Ntako Marc (Nov 13. - interest wanted 16, now 13.33 - country: Rwanda)
Luciah Mwihaki Ngugi (Nov 12., - interest wanted 13, now 9.78 - country: Kenya)
Sibomana Samuel (Nov 9., - interest wanted 16, now 9.50 - country: Rwanda)
Lucia Mwihaki Ngugi (Nov 7, - interest wanted 13, now 12.25 - country: Kenya)
Andrew Juma Oluoch (Nov 5, - interest wanted 14.50, now 9.30 - country: Kenya)
Hannah Wanjiru Kinuthia (Nov 5, - interest wanted 15, now 11.64 - country: Kenya)
Samuel Mwangi Njoroge (Nov 5, - interest wanted 15, now 12.60 - country: Kenya)
Mary Mueni Kasengi (Nov 5, - interest wanted 15, now 9.76 - country: Kenya)
John K. Githaiga (Nov 2, - interest wanted 15, now 10.23 - country: Kenya)
samross furnishers (Nov 2, - interest wanted 15, now 13.77 - country: Kenya)
Ngina Mavunge (Nov 2, - interest wanted 15, now 10.84 - country: Kenya)
Stanslaus Mulei Nzioki (Nov 2, - interest wanted 15, now 14.84 - country: Kenya)
Nancy Nduta Gatune (Nov 2, - interest wanted 15, now 13.51- country: Kenya)
Samuel Maina Njoroge (Nov 2, - interest wanted 15, now 14.47 - country: Kenya)
Pit Holding Stores (1980) (Nov 2, - interest wanted 15, now 14.65 - country: Kenya)
Judy Wairimu Gachau (Nov 2, - interest wanted 14.50, now 6.78 - country: Kenya)
Dreams Galore Limited. (Nov 2, - interest wanted 12, now 11.86 - country: Ghana)

Also there's 20 closing in October where the requirements are met including the 3 closing today.



avatar image Thomas Lytje
Investor
Level 10
  WTF?? 40 Days pending
Posted 16.10.2008 08:57 CET | Edited 19.02.2017 16:05 CET

Quote from: Peter Schmidt on 16.10.2008 03:09 CET

Quote from: Thomas Lytje on 15.10.2008 20:41 CET
 - it seems there will be a huge amount of money and a need of loans in the comming days!
Hi Thomas
This isn't so bad
- just came back from prize-jurney to Uganda and Kenya
The providers are so sorry we dont have more money ready to bid- The borrowers complain that the time between they upload their loan till they get it disbursed is too long. The providers I talked to , closes the loans as soon as they are fully funded


I have tried to see what people are actually bidding on.

An overview is here:

Land Auktionsluk Beløb budt # buis. # bydere Samlet bud Snit rente Funded %
Uganda 2008-10-16 2670.75 4 33 2670.75 16.32% 97.14%
Kenya 2008-11-14 813.60 16 13 813.60 16.27% 27.93%
Kenya 2008-10-16 592.72 2 15 592.72 14.65% 100%
Uganda 2008-10-19 411.86 4 5 411.86 18.13% 47.5%
Kenya 2008-10-17 297.87 5 8 297.87 13.58% 85.56%
Cote D'ivoire 2008-10-17 265.00 2 4 265.00 13.62% 70.79%
Kenya 2008-10-18 190.00 1 2 190.00 12.43% 66.19%
Cote D'ivoire 2008-10-16 138.37 1 7 138.37 14.07% 100%
Uganda 2008-10-17 124.22 1 2 124.22 13.89% 100%
Kenya 2008-10-22 50.00 1 1 50.00 15% 55.37%
Ghana 2008-11-02 50.00 1 1 50.00 12% 100%
Kenya 2008-10-24 50.00 1 1 50.00 14% 65.73%
Rwanda 2008-11-13 31.34 1 1 31.34 15.75% 38.95%
Cote D'ivoire 2008-10-25 10.00 1 1 10.00 15% 79.17%

These are bids made within the last 8 hours.

It seems to me that some people are bidding on new loans (could be autobids) and some people are bidding on loans soon to be closed.

I am quite sure a shorter period for bidding wouldn't hurt the interestrate much, - and it'll surely make to flow faster. Helping more people for the same money.



avatar image Thomas Lytje
Investor
Level 10
  WTF?? 40 Days pending
Posted 16.10.2008 08:54 CET

Quote from: Peter Schmidt on 16.10.2008 03:09 CET

Quote from: Thomas Lytje on 15.10.2008 20:41 CET
 - it seems there will be a huge amount of money and a need of loans in the comming days!
 that are at risk not getting funded, and if you check wiseclerck you will have an idea of loans in queue ( the ones with 0 bids)


There's an error there. Try to click on some of the loans. They are cancelled or in other way they don't work.



avatar image Thomas Lytje
Investor
Level 10
  WTF?? 40 Days pending
Posted 16.10.2008 08:47 CET

Quote from: Waya on 16.10.2008 08:17 CET

Interesting  info, Peter.

Because it's not  my feeling that most loans have a problem being funded. My feeling is that most investors simply wait till the last day or two, making a bid; I know I do - because we don't want our money lying dormant until the bid closes.

The problem is, not all loans are closed when they are fully funded, so its a gamble as investor to make an early bid. (When I say fully funded in this post, I mean both funded, and at most the "wanted" average interest rate)

So, either closing should happen when funded automatically (which would have the benefit of fundning loans much more quickly, but the average interest rate will not be less than the "wanted"); or the bidding time for each loan should be much shorter, like one to two weeks.


Spot on! I had autobid on for a while. But that didn't really work, so I don't use it any more.
And now I only bid on loans that are soon to be closed.

Automatically changing the bidend to "now + 1 day" when filled (as it is sometimes done) or a much shorter biding time, - I would say no more than 10 days, - would be very fine.

Quote from: Waya on 16.10.2008 08:24 CET
NB, about the loans you show, especially the Samson Mutungi one: it's really not very attractive; people are vary about FED these days, I believe, and the wanted interest is only 13%. This would be fine if there was no currency risk, but unfortunately there is.

Again, - spot on.
At 13% I'm not even sure I'll have a plus on my account. The currency risk is, as far as I can see, bigger than that.

But that's an area that really needs transparency.


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