Maclear / Investing / Provision Fund / What happens when a Maclear borrower delays payments: step-by-step response

What happens when a Maclear borrower delays payments: step-by-step response

03/06/2026

3 min

When a borrower on Maclear falls behind on scheduled payments, a structured four-step response is activated. Investor interest payments continue uninterrupted throughout the process — covered by the Provision Fund until the borrower resumes or full enforcement is completed.

Step 1 — Delay over 3 days

If a borrower misses a scheduled interest payment by more than 3 days, Maclear immediately begins investigating the situation and works to identify the cause. At the same time, the Provision Fund activates and covers investor interest payments according to the repayment schedule. Investors continue to receive their payments on time.

Step 2 — Delay over 30 days

If the delay extends beyond 30 days, Maclear initiates a soft debt collection process — direct engagement with the borrower to resolve the issue and agree on a resolution path. Investor interest payments continue to be covered by the Provision Fund throughout this stage.

Step 3 — Delay over 60 days

If payments remain overdue beyond 60 days, Maclear initiates legal proceedings and begins enforcement of collaterals and other securities. Acting as both Collateral Agent and Collection Agent for all investors, Maclear pursues enforced debt collection and asset realisation. Each investor has authorised this process by signing the Claim Assignment Agreement at the time of their investment.

Step 4 — Distribution of recovered funds

Once all collateral, guarantees, and pledged assets have been sold, Maclear distributes the recovered funds to investors in proportion to their investment share. If the recovered amount does not fully cover the outstanding balance and the Provision Fund cannot bridge the remainder, the available funds are distributed pro rata among all investors.

Will I still receive payments if my project is in a delay situation?

Yes. Interest payments continue to be made to investors from the Provision Fund from the moment the delay exceeds 3 days. You will not see an interruption in scheduled payments while the borrower situation is being resolved. Investors are notified once a project is officially declared in default.

How does Maclear notify investors about payment delays?

Maclear notifies investors on the same day that interest payments are covered by the Provision Fund rather than the borrower. Following the Vibroedil case in 2025, Maclear updated its policy: investors are now notified immediately upon confirmation of major financial or legal events, rather than waiting for a full internal review to be complete.

What happens to principal if enforcement is needed?

Principal recovery depends on the outcome of collateral enforcement. In the Vibroedil case — Maclear's only default to date — all investors received 100% of their principal back through a private settlement agreement, without any losses. In general, collateral and guarantees are structured to cover the outstanding loan balance. If full recovery is not possible and the Provision Fund cannot compensate the remainder, the available amount is distributed proportionally among all investors.


Risk disclosure: Crowdlending involves risk, including the possible loss of capital. Past performance is not a guarantee of future returns. Invest only what you can afford to lose.

Regulatory disclosure: Maclear AG, registered in Switzerland, member of PolyReg SRO, a self-regulatory organization supervised by FINMA.


Articles connexes

Has there ever been a default on Maclear? The Vibroedil case explained

In July 2025, Vibroedil S.R.L. — Maclear's only default to date — entered Italian bankruptcy proceedings. The €150,000 collateralised loan (three €50,000 stages) was resolved through a private settlement instead of formal insolvency. Every participating investor received 100% of principal back, and the Provision Fund was not activated. Maclear has since speeded up investor notifications.

What happens if multiple Maclear borrowers default at the same time?

If multiple Maclear borrowers default at once, the recovery framework runs in parallel for each project — legal action, collateral enforcement, and Provision Fund cover for interest. There is no cross-project pooling of losses; investors in non-defaulting projects are unaffected. The fund covers interest while reserves are sufficient; principal recovery relies on collateral.

Are Maclear investors protected if a borrower defaults on payments?

If a Maclear borrower defaults, a multi-layer framework activates: collateral and guarantees are enforced by Maclear as Collateral Agent, the Provision Fund covers investor interest from day 3, and the Claim Assignment Agreement allows Maclear to act collectively for all investors from day 60. Protection significantly reduces capital-loss risk but cannot guarantee full recovery.

How does Maclear protect investor money: financial security measures explained

Maclear's investor protection runs four layers: borrower due diligence with risk scoring; collateral and guarantees on every funded loan, with Maclear as Collateral Agent; the Provision Fund covering investor interest during delays from day 3; and active monitoring with escalation at 3, 30, and 60 days. Protection reduces but cannot eliminate the risk of capital loss.