Russian lender Dozarplati has joined Mintos p2p lending marketplace
Mintos has launched a new loan originator from Russia! Dozarplati is one of the largest loan originators in the North-West region of Russia and investors now have the opportunity to invest in its short-term and instalment loans listed in Euro (EUR) and Russian rubles (RUB).
Dozarplati was established in 2011 in Russia and it has more than 100 offices across 14 cities in the country. The company aims to fill the gap between paydays for its customers by offering short-term loans. Dozarplati’s main goal is flexibility for its customers, that’s why it offers its services through its many branches, mobile app and also allows borrowers to take out a loan 24/7 online and on holidays. Dozarplati issues loans to borrowers above the age of 18 and they can receive the funds within 15 minutes. Since its inception, the total loans originated for Dozarplati has reached USD 30 million. The company’s net loan portfolio is USD 4 million, and it has sustained an impressive 48% equity ratio.
The company is included in the State Register of Microfinance Organisations of the Central Bank of Russia and all of its activities are regulated by the Central Bank. All loans issued by the company comply with the laws of the Russian Federation.
The average Russia-issued loan from Dozarplati is EUR 200 with a maturity of up to 12 months. You can expect an annual net return of up to 11% for its loans listed in EUR and 17.5% for its RUB loans. In the future, Dozarplati also plans to increase its offering on Mintos and place its business loans for investment.
All loans from Dozarplati are secured with a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. In addition, to ensure the interests of the loan originator are aligned with the investors, the company will maintain 10% skin in the game.