Has anyone tried Funding Societies as a way to earn returns from micro-financing? What are your experiences so far?

The google reviews for Funding Societies are not great, however also not that bad.

I am a retired fund manager and one of their pioneer investors (in 2015)... you may read my Google review for an objective opinion ;)

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Hello Freddy,

I've been investing with FS since early 2019. I would say that the start was amazing. They used to have a good quantity of high-interest loans (12% and above before fees) and I never had any trouble finding such loans to put my money in but as 2020 rolled around, the quantity of such loans decreased dramatically. Coupled with the introduction of their guaranteed returns investment, it has been much harder to invest in higher interest loans. Furthermore, the default rate seems to have risen over the past year although i think this is largely due to the macro environment and not anything to do with FS specifically. Do let me know if you have any other questions :)