IEGH Provided $1,130,000 in New Consumer Loans in May
LAS VEGAS, NV– IEGH, (Marketwired – June 01, 2016) – IEG Holdings Corporation (OTCQX: IEGH) announced today that daily loan volume hit a record high of $150,000 and monthly loan volume hit a record high of $1,130,000 in May. Since January 2015, cumulative loan volume has increased by 133% from $5,549,023 to $12,909,023 as of May 31, 2016.
Paul Mathieson, CEO of IEG Holdings, said, “Management has shown an ability to quickly put new capital to work funding record new consumer loans in May, after raising additional equity capital in March and April 2016. IEG Holdings has established a robust platform as an online, state regulated, balance sheet lender with strong underwriting standards.”
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About IEG Holdings Corporation
IEG Holdings Corporation (IEGH) provides online unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com, in 17 US states. The Company offers $5,000 loans over a term of five years at a 23.9% to 29.9% APR. IEG Holdings plans future expansion to 25 US states during 2016. For more information about the Company, visit www.investmentevolution.com.
Forward Looking Statements
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