Maclear / Investing / Provision Fund / What is the Maclear Provision Fund: purpose, how it is funded, and how it works

What is the Maclear Provision Fund: purpose, how it is funded, and how it works

2026/06/03

3 分钟

The Maclear Provision Fund is a reserve built from 2% of each successfully funded project. Its purpose is to cover investor interest payments in the event of borrower delays, acting as a buffer that keeps payments on schedule. The Provision Fund is held in a segregated bank account and audited by Grant Thornton AG. It is not an insurance scheme and does not legally guarantee full repayment of principal.

Purpose of the Provision Fund

The Provision Fund exists to ensure continuity of interest payments to investors when a borrower falls behind on their schedule. If a borrower delays payments by more than 3 days, Maclear activates the Provision Fund to cover the outstanding interest — investors receive their payments on time regardless of what is happening on the borrower's side.

How the fund is built

The Provision Fund is funded from Maclear's own revenues. Specifically, 2% of every project successfully funded on the platform is transferred directly into the fund. Additionally, Maclear plans to route secondary market commissions into the fund as it grows.

The fund is held in a segregated bank account — separate from Maclear's operating funds — and cannot be used for any purpose other than investor protection.

Current scope

At its current balance, the Provision Fund covers interest payments for projects experiencing temporary repayment difficulties. As the fund grows over time, its coverage is expected to extend to principal repayments as well. Collateral and borrower guarantees provide additional protection for principal.

Transparency and oversight

The Provision Fund balance is published on the Maclear platform and updated regularly. It is fully included in Maclear's audited financial statements, with audits conducted by Grant Thornton AG under Swiss financial authority supervision.

What funds are used to fill the Maclear Provision Fund?

The Provision Fund is filled from Maclear's own revenues — primarily the commission earned on successfully funded projects, with 2% of each funded project allocated directly to the fund. In the future, commissions from secondary market transactions will also be added.

No. The Provision Fund is not an insurance product and does not legally guarantee full repayment of interest or principal. As stated in Maclear's General Terms and Conditions, the fund is used to cover potential losses to the extent funds are available but cannot guarantee full payment. It is a risk mitigation buffer, not a contractual guarantee. Collateral and borrower guarantees provide additional but also non-absolute protection for investor capital.

Has the Maclear Provision Fund ever been used?

As of the time of publication, the Provision Fund has not been activated. All borrowing projects on the platform have met their scheduled payment obligations. During the Vibroedil default case in 2025, the Provision Fund was not required — the case was resolved through a private settlement and investors received 100% of their principal back. The fund remains available and in place for use if needed.


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.


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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.

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

When a Maclear borrower misses a payment, a four-step response activates. Day 3: the Provision Fund covers investor interest with no schedule interruption. Day 30: soft debt collection begins. Day 60: legal proceedings and collateral enforcement start, with Maclear acting as Collateral Agent and Collection Agent under each investor's Claim Assignment Agreement.