Investors who used Mintos to invest in the loans of ID Finance Kazakhstan, denominated in Kazakhstani tenge, received returns in EUR terms 7.2% above the declared rate due to appreciation of the Kazakhstan tenge (KZT) against the Euro (EUR). Moreover, investors received a 17% annual interest as investment earnings – one of the highest rates on Mintos. This return rate is normally 10.5% for investments in EUR.
ID Finance Kazakhstan has been working with Mintos since April 12, 2018. In one and a half months, the exchange rate of KZT against the EUR has increased by 7.2%. This means that investors at Mintos gained almost a 10% holding period yield.
“The high yield of this instrument is explained by fundamental factors: the main force behind the growth of the KZT is oil prices, which have been increasing throughout the whole year, and this is a long-term trend,” explains Alexander Pak, CFO of ID Finance in Kazakhstan.
He adds that the advantage of investing in KZT is that alongside a high nominal yield investors may gain optional profits due to currency appreciation.
Alexander Pak says that by using Mintos, ID Finance is planning to fund loans worth EUR 6 million on an outstanding basis before the end of the year, with 40% of that sum in the national currency of the Republic of Kazakhstan.
The historical performance of KZT does not predict its movements in the future and the FX gain is not in any way predictable or even more so guaranteed.
The investor who completed a registration will get a 0.5% cashback bonus for the investments made in the first 3 months. Calculated bonus amounts are transferred to the investment account of the EstateGuru investor.
Since the beginning of EstateGuru, already 367 projects with a total sum of €60 094 383 have been funded on the platform. All these projects have been done in 5 countries: Estonia, Latvia, Lithuania, Finland and Spain. In the following blog article, we give an overview of the EstateGuru loan portfolio in a short and informative analysis.
The EstateGuru loan portfolio is mostly divided into 3 types of loans: bridge loans, development loans and business loans. Bridge loans are defined as short-term real estate loans that provide the property owner the necessary capital until a permanent solution for financing has become available. A development loan is used to develop the property, that ranges from construction works to excavation works, i.e. development of area infrastructure, including utilities and roads. A business loan is a mortgage loan that is used to finance the capital needs of a company’s expansion, secured with a collateral that the company owns.
EstateGuru – outstanding loan portfolio by loan type (%)
Over a half of EstateGuru’s outstanding loan portfolio are bridge loans, with nearly a quarter of business loans and a bit over 1/4 of development loans. This shows the popularity of bridge loans to finance the capital needs of real estate developers and entrepreneurs.
Now let’s take a closer look at EstateGuru’s outstanding loan portfolio by country
EstateGuru – loan portfolio by country (%)
Since EstateGuru started its journey in Estonia and only later expanded to other countries, it might not come as a surprise that the highest amount of loans had been funded in Estonia. The country is currently enjoying an economic boom, which ensures that a lot of property developers are using the opportunity to get financing on good terms. 77% of EstateGuru’s whole loan portfolio has been done in Estonia, with Lithuania trailing at 11% and Latvia coming third at 9%. In 2018, EstateGuru also expanded to Finland and Spain, with the first projects on both respective markets already funded.
EstateGuru – loan portfolio by loan status (%)
Already 148 loans of 367 have been repaid on the EstateGuru platform as of today with a total principal returned amount of €23.7 million. This makes up about 36% of the whole portfolio. 2 loans with a combined sum of €360 000 are currently listed as “defaulted” with the sales processes of the collaterals ongoing. 1 defaulted project was recovered and investors gained a 13,72% return from this project.
EstateGuru offers secured loans
All of the projects on the EstateGuru platform are backed by a collateral. This ensures that in case a borrower is not able to repay his loan, then EstateGuru is able to take steps to make sure that the investors still receive their money. The main security against this is ensuring that the loan has a 1st or 2nd rank mortgage attached to it.
EstateGuru – loan portfolio security types (%)
As seen on the graph, a majority of the projects on EstateGuru are secured with a 1st rank mortgage as only 7% of the whole portfolio is secured with a 2nd rank mortgage. This means that in most cases, EstateGuru has all the rights to the underlying collateral.
Furthermore, all of the collaterals are either commercial real estate, residential real estate or land, which leaves the liquidity of the collaterals at a high level. This can be proved further on the following graph.
EstateGuru – loan portfolio collateral types (%)
61% of the projects on the platform are secured by residential real estate – be it a private house or apartments. A quarter of all loans are secured by a land plot and 14% are secured by commercial real estate like office spaces or a warehouse.
In conclusion, EstateGuru’s loan portfolio is already over €60 million and growing every day. The average return for investors today is 12.32%. In 2018 they are looking to open up even more investing opportunities for the investors by expanding into new countries and increasing the number of projects in the Baltics as well.
Placet Group is a leading non-bank credit provider in Estonia that issues secured and unsecured loans to individuals and legal entities with a focus on personal and short-term loans. The group was established in 2005 and launched its first brand on the Estonian market in 2007. Since then the group has launched additional brands in Estonia and started issuing loans in Lithuania in 2011 and Poland in 2015. The group prioritises an individual approach to customers, a high-quality service and operational efficiency and transparency.
Now you have the opportunity to invest on Mintos peer-to-peer lending marketplace in personal loans issued in Estonia. In Estonia, the company issues its loans under its brands smsmoney.ee, smsraha.ee, laen.ee . Take advantage of this great opportunity to earn net annual returns of up to 10% now.
Placet Group is a well-established non-bank finance lender. It started its operations more than a decade ago in 2005 and launched its first brand in Estonia in 2007. Since then, the group has launched more brands in Estonia and started its operations in Lithuania and Poland. It aims to give its customers an individual approach, high-quality and fast service and transparency. These values have attracted over 125 000 unique customers in Estonia.
“We have been watching Mintos for a long time and the marketplace has demonstrated rapid growth and has achieved magnificent success in the investment market. We know success does not come without effort and the team behind Mintos is made up of hard-working professionals. In Mintos, we see a strong, reliable and professional partner in investments and with the help of the marketplace, we plan to increase our market share and also consider the possibility of entering new credit markets,” says Gennadi Krotov, CEO of Placet Group OÜ.
The average Estonia-issued personal loan from Placet Group on Mintos is around EUR 500, the total range of loans from the company on the marketplace is EUR 100 to EUR 7 500. The repayment period ranges from 30 days up to 5 years, although 30 days to one year is the most common repayment period. You can expect a net annual return of up to 10%.
All loans from Placet Group come with the buyback guarantee. This means, if a loan is delinquent for more than 60 days the loan originator will repurchase the loan. The company will also keep 5% skin in the game, to ensure its interests align with those of investors. Placet Group has a history of low delinquency rates. The percentage of its loan portfolio that is delinquent is around 5%.
Placet Group is well capitalised with an equity-to-assets ratio of 73% and since 2007, has disbursed around 550 000 loans in Estonia worth EUR 180 million. At the end of 2017, its net loan portfolio in Estonia amounted to EUR 15 million while achieving a turnover of EUR 6.2 million and a profit of EUR 2 million. The company expects stable growth and profits for future years in its home market.
Mogo, the largest non-bank car loan financer in the Baltics, has yet again increased its offering to investors on Mintos! The company has added its car loans from Moldova for investment with expected net annual returns of up to 14% – so don’t miss out!
In terms of loans funded, Mogo is one of the largest loan originators on Mintos. The company was established in 2012 in Latvia and joined Mintos in March 2015 and it currently offers investment opportunities in Bulgaria, Estonia, Latvia, Lithuania, Poland, Romania and now Moldova. The company began issuing loans in Moldova from September 2017. To date, Mogo Moldova has issued 903 loans worth EUR 3.8 million loans in the country. Mogo prides itself on its fast service and open communication, which fosters long-term relationships with its customers, and as a result, it has attracted 821 active clients in Moldova already.
“We have had a very long-standing and fruitful cooperation with Mintos at the Mogo Group level so having also Mogo Moldova on the marketplace is a logical step. We believe this will allow us to increase our operations in Moldova and better serve our clients, whilst also give investors on Mintos more investment opportunities,” says Maris Kreics, Chief Financial Officer.
The average Moldova-issued car loan from Mogo is EUR 4 300, with an average repayment period of 53 months. You can expect net annual returns of up to 14%.
To maintain its skin in the game, Mogo will keep 5% of each loan. All Moldova-issued car loans from the company are secured with a buyback guarantee meaning all loans that are delinquent for 60 days or more will be bought back by Mogo. Some of the equity investors in Mogo and Mintos overlap.
As of December 31, 2017, Mogo Group’s net loan portfolio was more than EUR 100 million, a more than 50% increase compared to December 31, 2016. In 2017, turnover for the company amounted to EUR 40 million. Since its inception, Mogo Group has originated more than 91 thousand loans worth EUR 250 million.
Viventor is happy to announce another partnership with a new loan originator from Poland – Aforti Factor SA.
Established in the beginning of 2018 Aforti Factor SA is one of the fastest growing non-bank invoice financing providers in Poland. The company is backed by Aforti Holding, a well-known Polish financial services provider listed on the Warsaw Stock Exchange.
During the first 6-month of operations Aforti Factor AS has serviced more than EUR 1’500’000 worth of invoices, ranging from EUR 25 – EUR 200’000. Currently the company employs 12 people and is rapidly expanding across the country to meet the growing demand for their product.
‘’So far May has been the most successful month for Aforti Factor. The Operational Department accepted invoices worth almost PLN 1.8 million (EUR 420’000), an increase of 24% compared to the previous month. As we already have had a successful partnership with Viventor and Aforti Finance, we’re looking forward to offer our new product to the investors on the platform” says Jacek Książek, the managing director of Aforti Factor SA.
Aforti Factor will offer its invoice loans with maturities starting from 7 up to 90 days. The company will maintain 5% skin in the game stake in every single loan and start by offering a projected return of around 12%p.a. On top of that, all of Aforti Factor loans will be secured by a 60-day Buyback Guarantee.
Viventor is pleased to welcome a new loan originator from Bulgaria – Stik Credit AD.
Established in 2013 Stik Credit AD provides short and medium term consumer loans. The company currently employs 26 people and has 11 offices across the country.
Since the inception, Stik Credit has issued more than 18’000 loans with the total worth exceeding EUR 5’000’000. The average loan is around 277 EUR for a 5.2 months period. Due to the company’s robust risk management, the delinquency rate (60+ days) has decreased below 15%.
“Even though, we have been financed entirely by equity of our founding shareholders and retained profit, we have seen stable growth over the years. Cooperation with Viventor is the next logical step to accelerate our growth and offer an even better experience to our customers,” comments Hristina Todorova, executive director of Stik Credit.
Stik Credit AD will offer its single payment loans with maturities up to 1 month, as well as installment loans up to 24 months. The company will maintain 5% skin in the game stake in every single loan and start by offering an introductory projected return of around 13%p.a.
The investor who completed a registration will get a EUR 5 “first deposit bonus”. This bonus is paid within 24h after at least EUR 100 is transferred to the investment account of newly registered Envestio participant.
Besides that, investors will get an additional “timespan” bonus, calculated as 0.5% of the net amount, invested through the Envestio platform by the participant during 270 days from the date of completing the registration.
How are the “first deposit” and “timespan” bonuses calculated and paid out?
Calculation and payment of “first deposit” bonus is pretty much straightforward – it is made as soon as the first deposit reaches Envestio bank account.
“Timespan” bonus is calculated and paid before the 5th date of each month for the previous month. Base for calculation is cumulative value of investments, made by the investor by the last day of previous month.
Calculated bonus amounts are transferred to the investment account of the Envestio investor. Afterwards the available funds can be invested in active projects or withdrawn to the bank account following standard funds withdrawal procedure.
Bondora today launched its “Go & Grow” program for all users on the platform and for new users, offering a return of over 6% per year and the ability to liquidate the investment instantly, thus providing a new tool that has never been met at any peer-to-peer platform, to have almost instant access to the investments made and a much higher return than the bank deposits (similar to the liquidity of this investment facility).
Go & Grow is an incredibly simple and automated service that allows you to earn 6.75%* p.a. on your investment and take your cash out at any time. This is for the people who want low risk and ‘no-hassle’ investing with a predictable net return.
The main benefits of Go & Grow is that you can withdraw your funds at any time. You can set up a new account and call it a unique name, whether you’re using Go & Grow for your new dream home, your emergency fund or enev for that trip to Asia you’ve always wanted to do.
You can share acces to your Go & Grow account with someone you trust. Once you have created your own account, simply select “Invite to Go & Grow” then add their name and email address. You also have the option to give this person the authority to withdraw from the account, but this is not mandatory.
What are the benefits?
6.75%* yield
Instant liquidity
Low risk – A diversified portfolio of investments supported by advanced and reliable technology
You only pay tax when you make a withdrawal over your capital amount invested
Additional benefits?
Transfer your existing Bondora investment portfolio to Go & Grow
You can set up an auto-transfer from your existing portfolio to Go & Grow
A flat €1 withdrawal fee, no matter the size of the account
Great for beginners
No annual management fees
Share access to your Go & Grow account with the people you trust
How to transfer the existing Bondora investment portfolio to Go & Grow?
All you need to do is create a new Go & Grow account, then click on the small settings icon an click on “Add existing investments”. Then you will receive an offer from Bondora to liquiidate your existing portfolio based on the current portfolio value, however, it may be at lower amount. If you accespt, Bodora will transfer your portfolio to Go & Grow.
Is the rate of 6.75% guaranteed?
The rate is not guaranteed, however, the average net return on the Bondora platform is much higher than this. With this and our 10-year track record in mind, we’re confident the rate of 6.75%* is achievable with the benefit of instant liquidity to investors.
The net return is capped at 6.75%* – all excess returns over this percentage are reinvested to ensure you can earn the rate of 6.75%* going forward, despite there being no guarantee in place.
How investors will be taxed for this?
You only pay tax on the money you withdraw which is over the total amount you have paid in. For example, if you invest €1,000 then anything you withdraw up to €1,000 is considered as a principal withdrawal, anything above €1,000 is considered as interest.
All payments made to your Go & Grow account are regarded as one investment, although the funds have been used to acquire individual claims. This is irrespective of when and in how many parts you paid cash into your Go & Grow account.
Bondora “Go & Grow”, announced a long time ago, was reserved for a number of existing investors. There’s been a huge amount of excitement around this product within the P2P community. As it stands, approximately 1,000 investors have deposited an average of € 1,000 each in their Go & Grow account.
The best part? You do not need any prior experience in investing or P2P to use Go & Grow, so whether you’re a retiree living in the Estonian countryside or an 18-year-old student in Berlin who’s new to the world of investing, Go & Grow is for you.
What’s more, you can invite someone you trust to join your Go & Grow account with you so you can invest for a shared goal, like a trip around the world, a wedding or even your child’s future.
Mogo is now offering investors even more investment opportunities on the marketplace, as Mogo Georgia has just launched on Mintos. Mogo is the largest non-bank car loan provider in the Baltic region, and Mogo Georgia is a market leader for non-bank car loans in Georgia. Investors can now invest in its Georgia-issued secured car loans listed in Euro (EUR) and Georgian lari (GEL) on the marketplace.
Established in 2012, Mogo’s business model is based on its fast customer service and open communication. As a result, the company has more than 40 000 clients worldwide. Headquartered in Latvia, it also has operations in Albania, Armenia, Bulgaria, Estonia, Georgia, Lithuania, Moldova, Poland and Romania.
The average Georgia-issued car loan from Mogo is around EUR 1 500 and GEL 4 500, with a typical repayment period of 33 months. Investors can expect an annual net return of up to 14% for its loans listed in EUR loans and up to 18% for its GEL loans.
To maintain its skin in the game, Mogo will keep 5% of each loan. All Georgia-issued loans from the company are secured with a buyback guarantee and will be repurchased if a loan is delinquent for 60 days or more.
Mogo Georgia was founded in June 2014 and has since issued 35 781 loans worth more than EUR 55.7 million. The company offers residents of Georgia car loans with repayment periods up to 72 months and allows borrowers to receive their loan on the same day of their application.
The typical borrower from Mogo Georgia is a male who is 32 years of age. He has a regular income and is approaching Mogo because he wants a simple, fast and hassle-free service. Whilst a bank is the cheaper option to receive a loan in Georgia, they also require many documents and there can be a lengthy waiting time to receive the funds. Banks also try to avoid supplying financing for used cars and only disburse these loans for their long-term clients. Therefore, Mogo is the fastest way to buy a car with minimal down-payment, as well as receive a loan quickly by using your car as collateral.
Mogo launched on Mintos in 2015 and so far around EUR 132 million has been invested in its loans on the marketplace. In addition to the Georgia-issued loans, Mogo also offers you the opportunity to invest in its loans from Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania, as well as unsecured personal loans from Latvia, on Mintos. These investment opportunities are now available in four currencies – EUR, British pound (GBP), GEL and Polish zloty (PLN).
