Investments made: $466,000 invested in 75 investments to date. Average investment size $6,200 to date. This has been restricted by portfolio size, and our target is to increase this in our next stage to around $23,000.

Investment performance summary, $

• $467,000 repaid or recovered
• $53,000 outstanding (incl. premium)
  
• $19,000 pending recovery
  

Gross IRR: 12% estimated gross IRR in local currency achieved to date. Our target is to increase to around 20% in our next stage as a result of refinements to process and systems and implementation of investment management software.

Write offs: Net capital written off is approximately 5% of capital invested to date.