Our Progress

Since opening in the first quarter of 2017, Carilend has been growing exponentially. Every day, we work hard to match people who have funds to invest with those looking a loan. Please see some key statistics below for Barbados:

Data below correct up to 31/01/2020 | Next update 15/03/2021

We promote responsible and fair borrowing by those who can afford it and are good with their money. As of January 31, 2021, the total loans approved was 

$45,687,421

Averages 2021 2020 2019 2018 2017
Loan Amount  $21,404  $21,954 $18,328 $15,075 $9,112
Loan Term  56 Months  57 Months 52 Months 49 Months 43 Months
Interest Rate  11.88%  11.87% 11.72% 11.47% 11.32%
Decline Rate  57%  49% 55% 73% 74%
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Carilend provides better returns by using state-of-the-art technology, cutting out the middleman and passing our savings directly onto Lenders. As of January 31, 2021, our Lenders had invested

$27,137,509
  2021 2020 2019 2018 2017
Average Investment  $36,032  $36,465 $34,890 $29,535 $23,765
Average Interest Rate  8.32%  8.31% 8.20% 8.03% 7.93%
Total Interest Paid to Lenders $2,797,723
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The Reserve Fund is built up from contributions made by every Borrower at the time they take their loan. If a Borrower defaults, the Fund will usually repay the Lenders but reserves the right not to. If the claim is paid, you will be repaid. As of January 31, 2021, the Reserve Fund held
 
$1,966,092
  2021 2020 2019 2018 2017
Projected Defaults  4.29%  4.29% 4.30% 4.25% 4.22%
Actual Defaults  2.27%  2.44% 1.60% 0.36% 0.00%
Reserve Fund  7.95%  7.88% 7.09% 6.24% 5.10%
Coverage Ratio  185%  184% 165% 147% 121%
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