Tag Archives: personal loans

Creditstar list their Estonia-issued loans on Mintos p2p lending marketplace

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Creditstar has increased the investment opportunities it offers on Mintos! Now, you can invest in personal loans issued by its Estonia-based subsidiary Monefit and earn net annual returns of up to 12% . This is in addition to Creditstar’s loans that are already available for investment issued in Poland, Spain, Czech Republic and Finland.

Established in 2013, Monefit offers its borrowers flexible revolving lines of credit, where the borrower chooses how much they need to borrow at any point in time and can manage the details through a mobile app.

Estonia-issued loans from Monefit on the marketplace will range from EUR 50 to EUR 3000 with a maturity up to 60 months. You can expect a net annual return of up to 12%.

All loans placed on Mintos by Monefit have a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. The company will also keep 5% of each loan it places on the marketplace on its balance sheet to maintain its skin in the game. Monefit will have a group guarantee, meaning the obligations of Monefit will be guaranteed by Creditstar Group.

Creditstar Group was established in 2006 and provides consumer financial services in Europe. Creditstar is headquartered in Estonia, where the company is one of the largest providers of online credit. The company has gained the trust of more than half a million registered users in eight countries across Europe.

Creditstar Group has a strong equity position, with more than EUR 18 million in equity and EUR 85 million in assets. The company has also delivered consistent profitability every year since its inception in 2006. The aggregate net loan portfolio of Creditstar Group was EUR 78 million as of September 2018.

Creditstar Group puts a strong emphasis on responsible lending policies and high-quality customer service. The typical Creditstar customer is an active, young male, 26-35 years old, living in a small town. The company has a strict credit policy with only approximately 30% of applications accepted. Debt collection companies are involved in the recovery of non-performing loans.

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Estonia-based lender Placet Group is expanding its presence on Mintos marketplace

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Placet Group is expanding its presence on Mintos p2p lending marketplace. Because of this, investors now have the opportunity to invest in its Lithuania-based personal loans in addition to its Estonia-issued personal loans previously available on the marketplace. With this great opportunity investors can earn net annual returns of up to 9%!

Placet Group is a leading non-bank finance lender in Estonia. It started its operations more than a decade ago in 2005 and launched its first brand in Lithuania in 2011. The core values of the company include customer satisfaction that is the result of a high-quality service that is efficient and fast. Because of these values, the company has attracted over 200 000 unique customers in Lithuania.

The average Lithuania-issued personal loan from Placet Group on Mintos is around EUR 700, the total range of loans from the company on the marketplace is EUR 50 to EUR 14 500.

The repayment period ranges from 3 months up to 6 years, while 18 months is the most common repayment period. You can expect a net annual return of up to 9%.

All loans from Placet Group come with a 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 10% 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 has disbursed around 540 000 loans in Lithuania worth EUR 70 million. At the end of 2017, its net loan portfolio in Lithuania amounted to EUR 9.5 million and the group net portfolio amounted to EUR 25 million.

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US private equity-backed loan originator from Romania joins Mintos p2p marketplace

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The Mintos marketplace just got bigger as Credius now offers personal loans for investment in Romania. Credius is one of the five largest alternative lenders in Romania and it is backed by a private equity group from the United States, and you can invest in its personal loans listed in EUR now!

Credius is part of the American investment group of private equity funds New Century Holdings (“NCH”). NCH manages approximately USD 3 billion of capital through a network of nine offices in Eastern Europe, Russia and Brazil. NCH has been active on the Romanian market since 1994, particularly in such industries as real estate and finance & banking services.

“Romania, the leader of GDP growth in the European Union in 2017, is experiencing a transition from an offline to an online economy. Credius is both taking advantage of this opportunity and is one of the most important drivers of this transition”, says Andrey Buzgan, Credius CEO.

Credius is a lending company focused on the segment of instalment loans to individuals. The average Romania-issued loan on Mintos from Credius is EUR 750 with a repayment period of 12 to 24 months. You can expect a net annual return of up to 9.5%.

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

Credius started its operations in Romania in 2013. It is currently in the top five alternative finance market leaders in the country when comparing the number of customers, monthly volumes of new loan origination, and the size of its loan portfolio. Credius is a leading market player both with its innovative online technologies and in terms of sales volumes. Its branch network is one of the largest in Romania with more than 80 offices. The company’s activities are regulated by the National Bank of Romania.

Since its inception, Credius has issued 53 000 loans worth more than EUR 33 million. The company maintains a very strong balance sheet with no external debt on its books. In 2017 the company reached EUR 19 million in revenues and EUR 2 million in net profit. As of the end of June 2018, its loan portfolio of EUR 9.5 million had been financed exclusively by its shareholders through the injection of equity capital and subordinated loan as well as through the reinvestment of internally generated cash flows. Historically, the average part of its non-performing loan portfolio being overdue more than 60 days has been around 10%.

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

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Lime Zaim has launched on Mintos and initially offers investment opportunities in RUB and will begin to offer loans in EUR in the coming weeks

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The Lime Zaim company is a technology-driven financial service provider from Russia and will offer returns up to 13% and 18% for its EUR and RUB loans respectively on the Mintos peer-to-peer lending marketplace.

Lime Zaim, part of the Lime Group, was established in 2013 in Russia and began issuing loans in the first quarter of 2014. Lime Zaim’s lending products assist under-banked consumers to expand their purchasing power and to manage their short-term cash flow needs. To achieve this, the company offers short-term loans and instalment loans to citizens of Russia completely online. Its proprietary machine-learning scoring algorithms combine standard credit history information with behavioural and demographic factors to provide it with a more accurate credit score. This allows the company to offer credit to borrowers passed over by traditional lenders.

The Mintos marketplace offers an outstandingly flexible source of funds enabling us to smooth capital flows by exactly matching assets with liabilities and to further diversify our funding structure,” says Kevin Hurley, Vice President of Finance at Lime Capital Partners.

On Mintos, the average Russia-issued personal loan from Lime Zaim is around RUB 7 000, and the average EUR equivalent is EUR 100. The average repayment period is 28 days. You can expect a net annual return of up to 18% for its loans listed in RUB and up to 13% for its EUR loans.

All loans from Lime Zaim come with the buyback guarantee from its mother company, Laim Zaim Holdings Limited. This means, if a loan is delinquent for more than 60 days Laim Zaim Holdings Limited will repurchase the loan. The loan originator will also keep 10% skin in the game, to ensure its interests align with those of investors.

Since its founding in 2013 by Alexey Nefedov and Stanislav Sergushkin, Lime Zaim have scored hundreds of thousands of loan applications, issuing 393 000 loans to more than 100 000 customers.

Lime Zaim’s revenue for 2017 was around EUR 11.6 million and net profit for the same time period was around EUR 1.4 million. As at January 1, 2018 it had a net loan portfolio of more than EUR 2.3 million.

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Placet Group loan originator has launched on Mintos p2p lending marketplace

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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.

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The first loan originator from Mexico has launched on Mintos p2p lending marketplace

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The Mintos peer-to-peer lending marketplace is continuing to expand rapidly and they launch the first loan originator from Mexico offering loans for investment in Mexican peso (MXN). Credilikeme is one of the most innovative loan originators in Mexico, offering personal loans to Mexican citizens online and through its immersive mobile app which uses gamification features. The company offers investors the chance to invest in its personal loans from Mexico listed in MXN with expected net annual returns of 16%.

Credilikeme was established in 2012 and has issued more than 35 000 loans since then. The company is completely online and issues loans through its website and mobile app. Credilikeme prides itself on its unique business model and aims to provide a lifestyle-like experience with its mobile app.

“Partnerships between fintech companies is all about creating value for the industry. Mintos and Credilikeme are both important parts of the credit distribution value chain. Our partnership is all about liberating loan distribution and underwriting in Mexico, so we can give access to our borrowers and have a positive impact on their lives,” said Jorge Enriquez, Co-founder and CEO of Credilikeme.

Mexico-issued loans on Mintos from Credilikeme range from around MXN 3 700 to 19 000. The repayment period ranges from one to seven months and borrowers repay their loans in fortnightly instalments. You can expect a yearly net return of up to 16%.

The company will maintain 20% of each loan placed on Mintos on its balance sheet to keep its skin in the game, as well as only offer loans from repeat borrowers who have proven to be reliable in meeting their payment deadlines on the marketplace. All loans from Credilikeme come with a buyback guarantee, so loans that may become delinquent after 60 days or more will be bought back by the company.

The typical borrower of Credilikeme is a Mexican citizen aged between 21 and 45. They usually take out a loan for emergency expenses or working capital for a business.

As of February 2018, the company has distributed MXN 100 million (around EUR 4.5 million) worth of loans since its inception. In the past year, it had a revenue of MXN 11 million (around EUR 493 000). The company had an outstanding net loan portfolio of MXN 4.8 million (EUR 215 000) as of January 2018. Credilikeme is backed by well-known companies as investors, including Grupo Kaluz, a large banking and industrial group with operations in Mexico and Credito Real, one of Mexico’s largest offline payroll lenders.

According to the Americas Alternative Finance Industry Report, Mexico accounted for the highest total alternative finance market volume in Latin America and the Caribbean in 2016 (USD 114.2 million). Mexico was the third most active country in this region, following Chile and Brazil and has an annual growth rate of 730%. Marketplace and P2P Business Lending was the largest section of the alternative finance industry in Mexico.

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There are now more investment opportunities from Moldova on Mintos p2p marketplace

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The Mintos marketplace just got bigger as IuteCredit Group now offers personal loans for investment in Moldova. This is in addition to IuteCredit personal loans issued in Albania already on the marketplace.

IuteCredit Group was founded in 2008 and operates in Moldova, Albania, Macedonia and Kosovo. The Group has a loan portfolio of EUR 20 million and has helped more than 170 000 customers. It aims to be the fastest and most efficient personal loan provider in the region.

“IuteCredit is a fast growing company and we appreciate the speed, flexibility and diversification in our funding. Investors on Mintos will allow IuteCredit Moldova to be more dynamic and disburse loans quicker and in greater volumes, which will allow the company to continue growing. We really appreciate Mintos as a marketplace which brings together the interests of different players of the market: investors, lenders and customers,” Stanislav Tuzlucov, CEO of IuteCredit Moldova.

The average Moldova-issued loan on Mintos from IuteCredit will be EUR 400 with a repayment period of 13 months. The expected return for investors will be up to 12%.

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

IuteCredit Group started its operations in Moldova in 2008. It is currently one of the alternative finance market leaders in the country. Since its inception, more than 200 000 loans have been issued in Moldova worth more than EUR 60 million. The typical borrower for IuteCredit Moldova is between 18 to 68 years old and borrows an average amount of EUR 400 for personal needs.

The group has been profitable since 2010. Currently, IuteCredit Moldova has 41 000 customers. The average maturity of loans is 13 months, and the annual percentage rate (APR) is 74%.

IuteCredit joined Mintos in June 2017 offering to invest in personal loans issued in Albania. To date, EUR 4 million has been financed through the marketplace.

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

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ExpressCredit now offers investment opportunities in personal loans from Zambia on Mintos p2p lending marketplace

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Following a successful launch of ExpressCredit Botswana on Mintos, ExpressCredit now offers you investment opportunities from Zambia as well, through its local company YesCash Zambia Limited. Now you can invest in its Zambia-issued personal loans and enjoy returns of up to 14%.

ExpressCredit prides itself on its customer service and endeavours to give its clients a personal approach through its seven branches and two sales offices in Zambia, with more branches to be opened in 2018. It was incorporated on May 11, 2016, and obtained a non-deposit taking microfinance institution licence on December 23, 2016, from the regulatory governing body, the Bank of Zambia. Some of the equity investors in ExpressCredit and Mintos overlap.

Currently, ExpressCredit primarily offers short-term loans to its customers and matches the repayment dates of the loan to their salaries. It also offers instalment loans to employees of institutions from the Government of Zambia. The company has received a PERMIC code from the Office of the President under the Public Service Management division which allows the company to directly debit repayments from the borrower’s salary. For borrowers who are not employed by the Government, the repayments are directly debited from their bank account. As a result, ExpressCredit loans from Zambia have one of the lowest default rates on Mintos. Initially, the loan originator will place its short-term loans for investment on Mintos, which it issues to non-Government employees.

“ExpressCredit is pleased to expand our presence on the best marketplace for loans in the world. Our mission is to deliver accessible and affordable financial solutions through superior customer service and technological innovation to become one of the top microfinance organisations in Zambia. Our partnership with Mintos and continuous investments in technology, branch network and people will ensure that we follow our mission,” says Chilufya Mutale, CEO of ExpressCredit.

The average Zambia-issued short-term loan from ExpressCredit is around EUR 137 and you can expect a net annual return of up to 14%. Borrowers repay the loan in a single instalment after 30 days.

All loans from ExpressCredit on Mintos are secured with a buyback guarantee and will be bought back by the company if it becomes delinquent for more than 60 days. In addition, the company will maintain 15% of each loan placed on the marketplace on its balance sheet as its skin in the game.

As of February 2018, ExpressCredit had a total loan book size of more than EUR 3.6 million. After its business launch in the fourth quarter of 2016, the company reached its first positive EBITDA in November 2017, while recording its first net profits after tax in February 2018. The company achieved EUR 164 thousand of total profits in its first two months of operations in 2018. The company is continually looking at opportunities for innovation and increasing its ability to cater for all of its customer’s needs.

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EcoFinance now offers investment opportunities in Russian rubles on Mintos p2p lending marketplace

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Investors on Mintos can now invest in online unsecured personal loans issued by EcoFinance in Russian rubles (RUB). This new investment product will allow Mintos investors to earn much higher rates of return and increase diversity.

EcoFinance was the first loan originator from Russia to join the Mintos marketplace and now offers its RUB loans for investment with annual returns of up to 17%. Russia-issued EcoFinance loans listed in RUB range from around RUB 5 000 to 30 000. The repayment period is up to 30 days.

There are two ways to invest in RUB loans on Mintos: transferring RUB directly to your investor’s account on Mintos or by converting your primary currency into RUB on the Mintos marketplace. For EUR to RUB conversions on Mintos, there is a market-level fee of 0.7%. Find out more details on “Deposit/Withdraw/FX” section in your investor’s account.

Taking into consideration the legal requirements and investors’ interests, investors are able to obtain exposure to EcoFinance loans by investing in loans issued by Mintos OU to Mintos Finance SIA, both Mintos Group companies.

EcoFinance joined Mintos in November 2017, initially offering its unsecured personal loans for investment in euro (EUR). Already, the company’s turnover through the Mintos marketplace is more than EUR 400 000.

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ID Finance now offers loans for investment from Kazakhstan on Mintos p2p lending marketplace

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ID Finance now offers even more investment opportunities on Mintos by launching its Kazakhstan-issued personal loans listed in Euro (EUR) and Kazakhstani tenge (KZT) on the marketplace under its Solva brand. This is in addition to the loans already available for investment from Georgia and Spain.

Solva Kazakhstan specialises in issuing personal online loans to individuals and small and micro-entrepreneurs. The company offers borrowers fast access to funds, an online application can be made in less than eight minutes and borrowers receive a decision instantly. Since its establishment in 2016, it has funded more than 6 100 loans worth around EUR 4 million. The operations of Solva Kazakhstan are regulated by the National Bank of Kazakhstan. ID Finance Group has two fully-owned lending companies operating in Kazakhstan – Solva Kazakhstan and MoneyMan Kazakhstan.

The average Kazakhstan-issued loan on Mintos from Solva Kazakhstan is EUR 650. You can expect an average net annual return of up to 11% for the company’s loans listed in EUR and 17% for KZT loans.

Solva Kazakhstan loans are secured with a buyback guarantee and will be repurchased if they are delinquent for more than 60 days. In addition, the company will retain 10% of each loan placed on the marketplace.

Established in 2012, the ID Finance group is a pioneer in the fintech industry in emerging markets. It is a fast-growing data science, credit scoring and digital finance provider. It is the largest online consumer lender in the CIS region and a leading one in Europe. Headquartered in Barcelona, the company operates in Spain, Kazakhstan, Georgia, Poland, Russia, Brazil and Mexico. The Research and Development centre of ID Finance is based in Minsk, Belarus. So far, the group has originated loans worth more than EUR 275 million and it had a net loan portfolio of around USD 77 million, as of December 31, 2017.

ID Finance joined Mintos in 2017 and has since funded EUR 21 million worth of loans. Kazakhstan is the third country the company offers investment opportunities from on Mintos and it currently lists loans in three currencies – EUR, KZT and the Georgian Lari (GEL).

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