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As with most forms of investment, peer-to-peer lending carries a degree of risk to your capital; in this case, if the borrower is unable to repay their loan. At Assetz Capital, we seek to reduce this risk to our investors by taking asset security on every loan, with the added benefit of a discretionary Provision Fund for some of our investment accounts. Investment Account target interest rates should be considered along with the relevant Investment Account expected defaults & losses information. Past performance does not guarantee future performance. We recommend that prospective lenders read the Key Investor Information pages before investing.

Travel Joy Hostels

London

With peer-to-peer funding through Assetz Capital, Senan Sexton was able to invest further in his award winning London- based tourist hostel business and complete the purchase of a commercial property.

610

£475k

£779

Intro

The loan was used for two projects; the first to help purchase the commercial property and the second to further invest in Travel Joy Hostels, the busy tourist hostel business.

Established in 2009, Travel Joy Hostels Chelsea is housed in a large Victorian end of terrace building in the City of Westminster overlooking the River Thames. Previously a troubled pub, Senan has turned the business into a thriving tourist hostel providing safe, cheap accommodation with a focus on customer service.

Travel Joy Hostels
Travel Joy Hostels

Impact

The funding has enabled Senan to further invest in his top tourist hostel building, improving standards of the hostel, which has benefited employment and tourism within the local community.

He has also acquired a strong investment in purchasing the commercial property.

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