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It is clear that your financial life is the product of your financial habits. The rules for financial stability and prosperity are: try to multiply your income sources; spend smart; spend less than you gain; every month make sure your balance (revenue - costs) is positive; constant saving; invest the savings. These actions, repeated every month, creates habits. Habits, repeated every month, accumulate and provide a stable financial status and, in time, produce prosperity.

FIREOF now offers risk categories for its loans listed on Mintos p2p lending platform

Mintos logo

Spanish mortgage lender FIREOF Management, which recently launched on Mintos, now offers investors the opportunity to invest in its loans by selecting them based on loan risk categories. The inclusion of the risk categories will allow investors to make more informed investment decisions.

FIREOF loans have a historical track record of 0% loss given default (LGD) and 0% bad debt rate due to the high loan-to-value ratio (average below 35%), thorough analysis of the borrowers and collateral as well as the personal guarantee provided for the loans. The risk of losing the principal has historically been very low and the main risk has been related to liquidity – locking in the investment during the court collection process which varies and averages 18 months.

FIREOF will provide loan risk ratings in each scoring category based on the predicted probability of default (PD) – assessment of the probability of loans becoming 90 days late when the court collections process is being initiated.

FIREOF Risk Categories


 Category (Score)        PD*             Interest rate to investor
AAA (1000-851) 0,63% – 0,70% 5,00% – 6,00%
AA  (850-701) 0,95% – 1,04% 5,50% – 6,50%
A (551-700) 3,76% – 4,15% 6,00% – 7,00%
BBB (500-551) 5,04% – 5,57% 6,50% – 7,50%
BB (451-500) 5,79% – 6,40%
B (331-450) 7,24% – 8,00%
C (0-330) 9,78% – 10,81%

* Probability of default (loans going into court collection, more than 90 days past due). Historically FIREOF has been able to recover 100% of principal for all defaulted loans.

FIREOF bases the risk categories on their scoring model that is being used to assess the riskiness of the loans they are issuing. Their scoring model, based on a FICO score (a type of credit score created by the Fair Isaac Corporation), has been specifically designed for the mortgage secured lending business in Spain. It takes into account various factors in three main areas to determine the credit quality: borrower profile, collateral liquidity and loan type risk.  

FIREOF takes into account the loan type risk (35% of score), collateral liquidity (35-40%) and borrower profile (25-30%) to determine the credit score for each loan. Scores range between 0 and 1 000. In general, scores above 550 indicate a good credit quality. In contrast, loans with scores below 500 mean the credit quality is inferior – borrowers might find it difficult to repay monthly instalments, the quality of the collateral is sub-optimal or the loan type holds a larger risk. Currently, FIREOF plans to offer only loans with category BBB and higher for investment to Mintos investors.

Loan Type Risk

In order to determine the loan type risk, different aspects of loan parameters are taken into account, including the amortization type, the term of the loan, APR charged to the borrower, loan amount and reason for taking the loan.

Collateral Liquidity

To reach an acceptable score for collateral, collateral type (internal liquidity), market size and liquidation price (external liquidity) are analysed together with government public ratios to measure the potential of selling the collateral in case the borrowers of FIREOF fail to repay their liabilities.

Loan to value (LTV) and loan to liquidation value (LTLV) are calculated on a principal cap basis. In addition, fraud detection triggers are deployed at an early stage.

Borrower Profile

As a general rule, borrower information is provided and analysed by the Spanish central bank. The information analysed includes the average default probability by age, debt to income ratio (DTI) and payment incident records in combination with the minimum income (of the borrower). The decision-making process is continuously improved based on past performance information

Established in 2015, FIREOF is an asset-secured lending business whose mission is to provide a financial bridge to Spanish consumers. FIREOF pursues a win-win relationship with their borrowers. The company is fully licensed and audited and it provides its credit products through established brokers.

New Envestio project – Renewal of freight containers – Tier 4

Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing the new Investment Project Owner “SRR” JSC with project “Renewal of freight containers – Tier 4″, Envestio expands the variety of industries available to invest in. “SRR” JSC has a long and successful experience of conducting logistics operations.

The loan is fully secured by mixed commercial pledge and personal guarantee of the main beneficiaries of “SRR” JSC.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment in logistics industry, financing of technical inspection and repair/renewal works for freight containers.
  • Secured debt, 21% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The JSC SRR was established in Riga, Latvia in the year 2007. JSC SRR is a member of FIATA, LAFF, LTBA, CCTP, holds ISO 9001:2008 certificate, and employs 64 people.

Company’s key assets include 950 x 20’ and 450 х 40’ containers as well as 825 railroad platforms.

The main fields of company’s activity are:

  • Multimodal transportation and integrated railway solutions for metallurgical companies and industrial manufacturers
  • Handling of container trains
  • Optimizing use of rolling stock and providing own containers
  • Warehousing of various types of cargo
  • Regular feeder container line Rotterdam-Riga-Ust-Luga-St. Petersburg-Rotterdam

The company is looking to conduct a round of technical inspection and repair/renewal works for all its containers, used for freight operations. The total cost of the project is estimated to be EUR 650,000. Envestio participants will have a chance to finance this project in several tranches of moderate size, according to the number of containers submitted for inspection and further proceedings in a single batch.

Market

Consolidated figures show that during the year 2017 the global market for transportation of goods using freight containers increased by more than 6% in relation to 2016. Last time so high market growth rates were observed more than 6 years ago – in the year 2011. Overall demand for China-Europe-America freight routes in 2017 increased rapidly due to China’s GDP 6,9% growth that was almost 0,5% higher than anticipated growth of 6,5%. At the same time, also the freight rates in 2017 swiftly recovered from downfall, experienced in 2016.

Further development of the global market is largely dependent on the extent at which current expansion plans of the biggest container lines are realized as well as on the development dynamics of the international trade. Bearing in mind increasing ambiguity on the global markets, caused by geopolitical shifts combined with high growth rates the key factor for success is the ability to manage both own and freighted assets in the most efficient and flexible way.

From the regional perspective the biggest increase in volumes was achieved in the North America (+12,6%), followed by Latin America (+11,1%), China (+10,3%), and Europe (+4,4%).

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 15.11.2018 – EUR 17.84
  • 15.12.2018 – EUR 17.26
  • 15.01.2019 – EUR 17.84
  • 15.02.2019 – EUR 17.84
  • 15.03.2019 – EUR 16.11
  • 15.04.2019 – EUR 17.84
  • 15.05.2019 – EUR 17.26
  • 15.06.2019 – EUR 1017.84

Total expected return: EUR 1 139.83

DoFinance peer-to-peer lending platform overview

DoFinance logo

A subsidiary of the Alfa Finance Group, DoFinance is a platform providing web P2P platform operations which, thanks to innovative financial technologies, offer easy, secure and smart way of borrowing money or investing available financial resources and earning money in a manner that offers an alternative to traditional opportunities such as conservative bank deposits or risky stock markets.

The global online lending and investment management company Alfa Finance Group was founded in 2015, when brothers Viesturs and Jānis Kuļikovskis decided to pool their knowledge and experience. Alfa Finance has a strong idea they both share – creating original and modern finance services so that anyone can become his or her own personal investor and financial director in a safe, easy and smart way.

Their business essence is consumer loans and P2P investment platform services for private individuals. In less than two years, they have successfully expanded to Poland, Georgia and Indonesia, with a total of more than 150,000 registered clients and over EUR 16 million in loans issued as financing. The Alfa Finance Group is growing all the time, and in the next few years, they plan to develop their operations in other European and Asian markets.

Who can invest?

In order to invest in DoFinance platform you must be at least 18 years old, have a valid e-mail address, valid documents (passport or identification card) and bank account within the European Union, Switzerland or any other country of the EEZ, which is not included in the lists of high risk and non-cooperative jurisdictions or is not subject of international sanctions. For complete registration you will have to provide a national identification card (scanned or photographed both sides) or passport (scanned or photographed).

Companies can also register. When registering as a company you need to select the option “Company”, need to fill in the form with the necessary information and upload the company registration certificate or extract from the company register.

DoFinance doesn’t tax accrued interest therefore investor receives full amount. In addition regarding taxes – profits earned in DoFinance are tax object and  by taking into account the legislation of the country where the investor is resident (for tax purpose perspective). Actions related with payment of taxes are on investor’s responsibility. At the end of the year we do provide account statement specifying interest received.

Loan types

DoFinance offers you the chance to invest in short-term consumer loans and recommends using one of Auto Invest plans depending on your desired return rate, term and flexibility. 

You can choose to invest in loans with a term ranging from 1 day up to 60 months.

Investing

There are 3 simple steps – register, add documents and add funds (starting from 10 euro). When you have added money in your investor’s account, you can start investing. They recommend you to use some of DoFinance Auto Invest plans. The DoFinance automation tool creates an investment portfolio based on your preferred term, amount of money and interest rate. If you use the Manual Investment option, they suggest splitting your investment up into several loans, to diversify your portfolio.

On DoFinance there are no investment limits for individual investors. But in accordance with DoFinance Anti-money Laundering procedure, investors who wil exceed 15 000 euro and 50 000 euro limits, will be asked for some additional data.

There are no fees for investing.

The Auto Invest tool is free of charge and is an easy-to-invest, easy-to-manage and automation tool for diversifying your investment portfolio. Auto Investing means that a person entrusts the distribution of the money invested and the same investment in the DoFinance system.

The BuyBack guarantee is a guarantee issued by the loan originator to the investor for a particular loan. It confirms that the loan originator will repurchase the loan from investor if repayment of that particular loan is delayed. The BuyBack guarantee is applied for all loans in DoFinance system. It starts on the first day after the end date of the investment. We call it Instant BuyBack.

Withdrawals

Withdrawals depends on your selected investment plan. With Auto Invest it’s possible to cancel all programs:

5% plan – you can receive your money 7 days after your request including accumulated interest.

7% plan – you can receive your money 30 days after your request with 5% interest or 60 days after your request including accumulated 7% interest.

9% plan – you can receive your earned interests each 30 days after investment (automatic monthly interest repayment) or principal amount 90 days after your request without interest.

If your account is less than 10 Eur, then you must transfer the entire amount at a time.

It is not possible to cancel investments that are made with the Manual Invest option.

 

New Envestio project – Crypto-mining Farm 200GTX1080ti

Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By launching the project “Crypto-mining Farm 200GTX1080ti” (Project ID EN018049), by Baltreit SIA, an investment project owner that successfully completed several investment projects in the beginning of 2018, Envestio continues to expand the successful cooperation with the representatives of crypto-mining industry.

This loan is fully secured by mixed collateral and personal guarantee of the main beneficiary of Baltreit SIA.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment in crypto-mining sector, financing of a crypto-mining hardware production process.
  • 22% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

Baltreit SIA is a company, established by IT professionals in order to conduct different operations on the crypto-mining market, such as assembling and selling crypto-mining hardware, direct crypto-mining using own hardware as well as management of crypto-mining farms, owned by external parties. The company is constantly introducing new approaches in order to make mining process more efficient and achieve high profitability even in changing environment, which is observed on the crypto-mining market in 2018.

Until either Volta or Turing comes along to replace it, the Nvidia GTX remains and will remain one of the most powerful graphics cards available in 2018. However, as good as it is a gaming GPU, it’s also an excellent mining GPU, but there are a few issues that stop it from ascending to the top of this list. For instance, it’s an extremely expensive GPU, and it draws more power compared to its competition. This means you’ll be getting less of a return on your investment, and it’ll take a while longer to cover your costs. However, if you don’t mind spending the extra cash for this GPU, (or if you want to game with the best graphics card around), then you’ll be happy with the results, as if you do a bit of tweaking you can reach a hash rate of 32 mh/s.TechRadar, September 2018

Interest payments to investors will be covered by the income from other Baltreit SIA projects. Repayment of principal will be made from the money, received from the purchaser of the equipment.

Baltreit SIA is looking for short-term bridge-financing amounting to EUR 75,000 for 6 months, necessary for purchasing and assembling a set of mining hardware that will be afterwards sold to one of the company’s clients. The whole order consists of 200 GTX 1080ti graphic processing units (GPUs) that will be set up inside special rigs of a custom construction. These rigs allow centralized management of the whole mining farm, effective cooling, and lower electricity consumption, resulting in higher net profit from one GPU. In their turn, aforementioned GPUs allow great operational flexibility, thus ensuring longer life cycle of the equipment built on their basis in comparison to specialized mining equipment that can mine only specific crypto-currencies.

Market

Cryptocurrency market currently experiences exponential growth with total capitalization exceeding EUR 220 billion in September, 2018. This is a rapid increase from beginning of the 2017, when gross capitalization amounted more than 10 times lower number, i.e. EUR 20 billion. The market remains highly volatile, however, the technology behind it is constantly developing and the involved number of important players is growing.

Bitcoin remains the leading currency on the market with around 54% of total capitalization value. It is followed by Etherium with 10% and Ripple on the third place with 8%.

An increasing number of traditional institutions such as central banks, stock exchanges, and even some governments are demonstrating increasing interest to the blockchain industry market.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 11.11.2018 – EUR 18.68
  • 11.12.2018 – EUR 18.08
  • 11.01.2019 – EUR 18.68
  • 11.02.2019 – EUR 18.68
  • 11.03.2019 – EUR 16.88
  • 11.04.2019 – EUR 1018.68

Total expected return: EUR 1 109.68

IuteCredit now offers loans from Kosovo for investment on Mintos p2p marketplace

Mintos logo

IuteCredit has yet again expanded its investment offering on Mintos by placing its consumer loans issued in Kosovo on the marketplace. This is in addition to the loans that were already available for investment from IuteCredit in Albania and Moldova.

IuteCredit Group was founded in 2008 and operates in Moldova, Albania, Macedonia and Kosovo. The Group has a net loan portfolio of EUR 30 million and has helped more than 200 000 customers. It aims to create the extraordinary experience in personal finance, by exceeding customer´s expectations.

The average Kosovo-issued loan on Mintos from IuteCredit will be EUR 400 with a repayment period of 8 months. The expected return for investors will be up to 11%. As Kosovo has adopted the Euro (EUR) as its official currency,  the loans by IuteCredit are offered in its local currency on the marketplace.

To align its interests with those of investors, IuteCredit will retain 10% of each loan placed on Mintos on its balance sheet. All Kosovo-issued loans from IuteCredit will come with a buyback guarantee and the company will undertake the obligations of repurchasing delinquent loans.

IuteCredit started its operations in Kosovo in November of 2017 and is regulated by the central bank of Kosovo. It is currently one of the alternative finance market leaders in the country. Since its inception, more than 8 000 loans have been issued in Kosovo worth more than EUR 3.5 million. As at the end of August 2018 its net loan portfolio in the country is EUR 2.2 million.

The Republic of Kosovo is Europe’s youngest country as it declared its independence from Serbia on February 17, 2008. According to the World Bank, during 2009 to 2017 real GDP grew on average by 3.5% each year. According to Investment Climate Statements for 2017, in 2016, the country ratified a strategic investment law. This was in order to ease market access for investors in key sectors.

To obtain exposure to IuteCredit Kosovo loans, investors will be able to invest in loans issued by Mintos Finance to IuteCredit Kosovo, where repayments depend on the borrower’s payments. Each loan issued by Mintos Finance to IuteCredit Kosovo will be pegged to a respective loan issued by IuteCredit Kosovo to the final borrower. Mintos Finance is a Mintos group company.

New Envestio project – Renewal of freight containers – Tier 3

Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing the new Investment Project Owner “SRR” JSC with project “Renewal of freight containers – Tier 3″, Envestio expands the variety of industries available to invest in. “SRR” JSC has a long and successful experience of conducting logistics operations.

The loan is fully secured by mixed commercial pledge and personal guarantee of the main beneficiaries of “SRR” JSC.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment in logistics industry, financing of technical inspection and repair/renewal works for freight containers.
  • Secured debt, 21% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The JSC SRR was established in Riga, Latvia in the year 2007. JSC SRR is a member of FIATA, LAFF, LTBA, CCTP, holds ISO 9001:2008 certificate, and employs 64 people.

Company’s key assets include 950 x 20’ and 450 х 40’ containers as well as 825 railroad platforms.

The main fields of company’s activity are:

  • Multimodal transportation and integrated railway solutions for metallurgical companies and industrial manufacturers
  • Handling of container trains
  • Optimizing use of rolling stock and providing own containers
  • Warehousing of various types of cargo
  • Regular feeder container line Rotterdam-Riga-Ust-Luga-St. Petersburg-Rotterdam

The company is looking to conduct a round of technical inspection and repair/renewal works for all its containers, used for freight operations. The total cost of the project is estimated to be EUR 650,000. Envestio participants will have a chance to finance this project in several tranches of moderate size, according to the number of containers submitted for inspection and further proceedings in a single batch.

Market

Consolidated figures show that during the year 2017 the global market for transportation of goods using freight containers increased by more than 6% in relation to 2016. Last time so high market growth rates were observed more than 6 years ago – in the year 2011. Overall demand for China-Europe-America freight routes in 2017 increased rapidly due to China’s GDP 6,9% growth that was almost 0,5% higher than anticipated growth of 6,5%. At the same time, also the freight rates in 2017 swiftly recovered from downfall, experienced in 2016.

Further development of the global market is largely dependent on the extent at which current expansion plans of the biggest container lines are realized as well as on the development dynamics of the international trade. Bearing in mind increasing ambiguity on the global markets, caused by geopolitical shifts combined with high growth rates the key factor for success is the ability to manage both own and freighted assets in the most efficient and flexible way.

From the regional perspective the biggest increase in volumes was achieved in the North America (+12,6%), followed by Latin America (+11,1%), China (+10,3%), and Europe (+4,4%).

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 10.11.2018 – EUR 17.84
  • 10.12.2018 – EUR 17.26
  • 10.01.2019 – EUR 17.84
  • 10.02.2019 – EUR 17.84
  • 10.03.2019 – EUR 16.11
  • 10.04.2019 – EUR 17.84
  • 10.05.2019 – EUR 17.26
  • 10.06.2019 – EUR 1017.84

Total expected return: EUR 1 139.83

New Envestio project – Biomass fuel – factoring 4, extra lot

Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing the project “Biomass fuel – factoring 4, extra lot”, Envestio continues the successful cooperation with the representatives of the environmental-friendly energy industry.

This loan is fully secured by commercial pledge and personal guarantee of the main beneficiary of RIETUMU ENERGIJA SIA.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment in energy sector, factoring-type financing for a woodchips trading company.
  • Secured debt, 21% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The company RIETUMU ENERGIA SIA is a venture that successfully works on the market of production and sale of woodchips. Woodchips are being used as raw material for a big number of cogeneration-type power plants across the Baltic region. This type of produced heat and electric energy is considered to be one of the most environment-friendly, as it does not create excessive pollution and ensures full utilization of timber, processed by woodworking factories.

Founded in 2013, RIETUMU ENERGIA SIA is cooperating with an established pool of buyers that ensures necessary and stable demand for woodchips. This pool is formed by several small and medium cogeneration power plants and Tukums city municipal company that provides heating to the city.

On the supply side RIETUMU ENERGIA SIA cooperates with big Latvian woodworking factories SIA Stiga RM un AS Latvijas Finieris, processes own timber as well as purchases imported raw materials.

The need for additional funds is justified by current situation on the Latvian woodchips market that is characterized by high seasonality and continuously growing demand for this type of raw materials. Summer season is characterized by lower prices at which woodchips are available for purchase from the bigger suppliers, however, up to 6 months payment delay from the final customer has to be faced in that case.

Covering this gap with the help of Envestio financing will allow getting extra profits during the winter season, when the price of woodchips reaches its maximum, and repay the investment principal to Envestio participants.

Market

During the last years Latvian market for woodchips was characterized by increasing demand for the qualitative product. The size of Latvian woodworking industry, which is the main internal supplier of raw woodchips for further processing, remains relatively stable; at the same time, the number of customers has been increasing almost exponentially. Cogeneration power plants and producers of wooden pellets are looking to purchase growing amounts of the raw materials. Given the constant supply and increasing number of foreign customers from countries like Estonia, Lithuania, and Poland this logically results in price increase and even product shortage on the market.

Besides the increasing demand the market also faces extreme seasonality. Woodchips can be purchased at cheaper price during the summer, at the same time, during the winter not all customers can handle the price growth (and still there is an excessive demand). In these conditions, a company that can purchase the woodchips during the low season, store it, and sell during the period of higher prices may achieve extra profits.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 06.11.2018 – EUR 17.84
  • 06.12.2018 – EUR 17.26
  • 06.01.2019 – EUR 17.84
  • 06.02.2019 – EUR 17.84
  • 06.03.2019 – EUR 16.11
  • 06.04.2019 – EUR 1017.84

Total expected return: EUR 1 104.73

New Envestio project – Urban mining tier 8

Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing the project Urban mining tier 8, Envestio continues to expand successful cooperation with the representatives of the environmental-friendly recycling industry.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment into technology sector, financing of working capital of recycling plant.
  • Secured debt, 18% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

DAGRE is an international company with successful experience in the sphere of recycling of technological raw materials that contain different precious metals such as silver, gold, platinum, etc. DAGRE’s production capacities provide full cycle of processing the raw materials, from initial expertise in the lab to grinding it using special automated machinery and equipment. Employed innovative technological process ensures preservation of 98% of the initial amount of precious metals, contained in the raw materials. Production complex consists of following segments:

  • Storage of Raw materials
  • Manual and mechanical disassembly workshop
  • Enrichment workshop
  • Storage of ready produce.

DAGRE is capable of processing extremely wide range of raw materials, which provides the company with additional competitive advantage on the market. Obsolete home electronics, computer hardware, written-off equipment and machinery from plants and factories, even details from old trains and military objects – all this can be utilized. Current company facilities allow recycling of more than 2000 tons of aforementioned raw materials per year, and turning them into enriched “concentrate” with high saturation of precious metals ready for further sale.

The enriched “concentrate” is purchased by special factories, which recycle it further, into pure non-ferrous metals, such as Aurubis GmbH factory in Hamburg, Germany that is currently the main buyer of DAGRE’s product. DAGRE and Aurubis GmbH have concluded a long-term cooperation contract.

DAGRE is receiving raw materials from wide variety of suppliers in the Eastern European region, which is still far behind the rest of the Europe in terms of percentage of obsolete equipment going through proper utilization process. In combination with efficient and transparent logistics processes it makes economies of scale possible.

Market

DAGRE is one of few companies in the region that has direct access to Russian market of necessary raw materials. Russian recycling market is noticeably underdeveloped in comparison with Western markets, therefore, supply of raw materials is limited only by the production capacities of processing company and money it can invest into the process. At the same time, entrance to this market is very complicated due to big amount of different formalities and strict customs procedures, which must be observed. Here DAGRE enjoys a noticeable competitive advantage, as it already has all the necessary legal and operational expertise is this sphere.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 02.11.2018 – EUR 15.29
  • 02.12.2018 – EUR 14.79
  • 02.01.2019 – EUR 15.29
  • 02.02.2019 – EUR 1015.29

Total expected return: EUR 1 060.66

New Envestio project – Fish processing for export market expansion 3

Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing project “Fish processing for export market expansion 3″, Envestio continues successful cooperation with representative of the food industry.

The loan is fully secured by commercial pledge and personal guarantee of the main beneficiary of SENGA SIA.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment in fish processing sector, financing of production of canned and smoked goods.
  • 21.5% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The Latvian company SENGA SIA (www.senga.lv) is functioning on the market of processing of fish and other sea products since the year 1993. Raw products are processed according to EU quality standards and sold in cans or smoked on the local market as well as exported outside the country to Europe and Asia.

SENGA SIA produces a wide assortment of products that includes traditional Latvian sprats in natural oil, variety of pates, canned salmon, trout, etc. No GMO is added to the produce in order for that to comply with EU and CIS health standards. Altogether company produces 24 different types of fish products.

The company owns and uses 2 its own production facilities, which are already partially refurbished with the help of European Union financing for development (it is planned to finalize refurbishment works in second half of 2019), and currently employs more than 50 people. Overall production capacity of the company is around 1-1,3 million cans per month. 95% of the produced goods are exported to Kazakhstan, Poland, Armenia, Azerbaijan, Estonia, and other countries.

SENGA SIA is looking to attract EUR 100,000 big business development/working capital financing with the help of Envestio participants, which is necessary for lauching an additional production cycle in order to complete new orders and receive extra profits.

Market

The fish processing industry in Latvia historically has been one of the important parts of the country’s economy. Canned fish products with “Made in Latvia” mark on them are well-known for their good taste and high quality.

Prior to 2015 the main export direction for most Latvian producers of canned fish products was Russia and CIS countries. In 2015, following the change of the health standards for imported fish food products in Russia, Latvian producers started to look also to the Western direction, which resulted in entering the markets of countries like Germany, Spain, UK, and even USA and Australia. As a result, in 2017 canned fish products made in Latvia were exported to 56 countries. Total value of the exported goods in 2017 exceeded EUR 73 mln, which is a 11,6% increase in comparison to 2016.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 02.11.2018 – EUR 18.26
  • 02.12.2018 – EUR 17.67
  • 02.01.2019 – EUR 18.26
  • 02.02.2019 – EUR 18.26
  • 02.03.2019 – EUR 16.49
  • 02.04.2019 – EUR 1018.26

Total expected return: EUR 1 107.20

First loan originator from Macedonia TIGO Finance launches on Mintos

Mintos logo

TIGO Finance from Macedonia launches on Mintos peer-to-peer lending marketplace. With this addition, investors now have the chance to invest in its consumer loans from Macedonia and earn net returns of up to 10%.

TIGO Finance is a financial company that applies innovative and modern technology to offer quick and easy micro-financing solutions to individuals. The company is fully licenced and operates in accordance with the Macedonian Law on Financial Companies since December 2017 when the first loans were issued.

Although TIGO’s focus is online lending, the company has opened five branches in Macedonia, located strategically in key demographic areas. The firm plans to open further branches in the next quarter so it is more accessible to its clients.

On Mintos, TIGO is planning to offer its short-term and personal instalment loans for investment. Macedonia-issued short-term loans from the company range from EUR 35 to 325 with a maturity of up to 30 days. The company’s instalment loans have a maturity of up to 24 months and the loan amounts are up to EUR 1 000.

“TIGO finance is pleased to join the Mintos marketplace, a unique place where the movement of capital is free and efficient. Given our advanced IT infrastructure, which allows us to obtain maximum efficiency and customer focus in operations, our partnership with Mintos will strengthen our position in the Macedonian market. This will help us to get one step closer to our goal of becoming the most well-known brand in the micro-financing industry,” says Filip Dimitrovski, Country manager of TIGO Finance in Macedonia.

From January 2018 up until the end of August 2018, the total amount of issued loans by TIGO Finance has reached EUR 1.43 million, with First Payment Default (FPD) levels lower than 10%  over the same period. At the end of August, the company’s net loan book amounted to EUR 600 000. The company is continuously looking for opportunities to innovate and increase its ability to satisfy its customers’ needs and expectations.

TIGO Finance’s target market largely consists of clients who often have limited access to banking services. Borrowers can receive a loan in minutes, as the company applies an automated and flexible system to check its customers’ creditworthiness. This results in a credit pre-approval in only 30 seconds. This makes TIGO loans the fastest on the market.

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