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| Review of P2P Portfolio Performance on Amartha in June 2024 |
The monthly financial report for Amartha P2P has been released; it's time for us to review it. I will conduct a performance review of the P2P portfolio in Amartha for June 2024.
This month, I did not make any top-up.
The returns I received were Rp 138,575 plus Rp 416, making a total profit-sharing amount of Rp 138,991. There was a decrease of Rp (-44,405) compared to the previous month, which was Rp 183,396. This represents a significant decrease of (-24%) compared to the previous month.
The principal installment of Rp 1,374,000 is not something I focus on much, as it is the capital I invested.
My investment in P2P Amartha is part of my retirement fund. At the time of writing this article, the target return is Rp 5,227,146 (2 times the minimum wage of Kendal Regency). With a return of only Rp 138,991, the fulfillment percentage is only 2.66%.
The returns from my investment plan will be used for living expenses. Of course, the minimum wage in Kabupaten Kendal may fluctuate, but my target ratio of 2x the minimum wage remains unchanged. Therefore, there is still 1x the minimum wage available for reinvestment (portfolio growth and the ability to beat inflation).
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| Progress |
The progress in my investment plan is not too aggressive because investing in P2P ties up the capital for a period of 52 weeks. It is evident that the progress has decreased from 3.51% to 2.66%.
My minimum target to achieve by December 2023 is 50%.
The total number of my partners is 119, with the following categories: 109 partners are on time, 1 partner is 30-60 days late, 3 partners are 61-90 days late, and 6 partners are over 90 days late. This is beyond my expectations. So far, it turns out to be quite a lot. When looking at the remaining principal, those categorized as problematic amount to 5%. I have chosen partners with a credit score of A for 80 partners and A- for 72 partners.
I did not choose any partners with a credit score below A because I am not very confident with partners rated B, C, D, or E.
I hope to secure the necessary capital soon to expedite my Financial Freedom target.
Over the past 18 months, my investment experience with P2P Amartha has been quite positive. Regular returns every week have made me satisfied. That's all for sharing about my P2P investment in Amartha.
When I look at my dashboard, my total assets are Rp 9,241,894 with a total profit of Rp 2,392,972 (+20%). This means my profit percentage is 20%, which is good news for me. Moving forward, I will start topping up again.
The profit percentage I get, if reduced by the problematic partners, is 20% minus 5%, resulting in a profit of 15%.
Disclaimer On !
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