Mintos
Finance

Mintos Detailed Statistics (March 2018)

Before you scroll down and start reading. Make sure you understand that these statistics compare current loans vs loans that are late. This does not necessarily mean they will default. In addition to this, we only include loans in our statistics that have been issued more than 1 month ago. The goal of these statistics is to get an accurate representation of longer term loans, and not short-term loans.

Do not forget to DIVERSIFY to minimize capital loss!

If you want to compare March’s statistics with February’s, you can read our last month’s articles here (February 2018) and here (February 15, 2018).

Current Loans By Country

Let’s see what has changed here. In February, there was the introduction of  RapiCredit.com, the first loan originator with loans from Colombia. We’re currently seeing only loans with a term of less than 6 months. And only 17% are being paid on time. It is possible that this is still a glitch and it could be resolved in the near future. Don’t panic just yet.

We also compared the loans with a term longer than 6 month with February 2018’s and came to the following conclusion.

The following countries are doing better compared to February 2018:

  • Botswana (+15%)

Overall it appears that the majority of the countries is performing slightly worse compared to last month’s report. Moldova lost as much as 14%. However, it is nothing to be worried about. See the table below.

Country Current

All

Current

Term > 6m

Mar Feb
Latvia 47707 71% 20810 81% -3%
Colombia 320 17%  
Poland 14844 68% 9741 80% -4%
Albania 5591 77% 5283 77% -6%
Denmark 1151 38% 307 57% -7%
Armenia 28935 51%
Finland 312 43% 305 43% -7%
Czech Republic 1790 20% 23 96% 0%
Kazakhstan 1740 60%
Sweden 2125 99% 1807 99% -1%
Moldova 15909 76% 3807 73% -14%
Russian Federation 1273 19%
Spain 10793 24% 274 46% 0%
Botswana 4197 82% 2725 98% +15%
Georgia 136708 76% 90409 82% -1%
Kenya 359 88% 357 88% -9%
Bulgaria 10514 82% 5713 85% -4%
Estonia 3312 82% 3306 82% -8%
Lithuania 10213 80% 9145 80% -5%
Romania 1467 64% 1358 65% -5%

Interest Rate By Current Loan Status

Again, quality of the loans is optimal looking past 6 months. With interest rates up to 8%, nearly all loans are current. Nothing appears to have changed elsewhere compared to last month in a significant way. Interest rates are rounded to the nearest number.

Interest

Rate

Current

Term All

Current

Term >6m

6% 5 63% 5 100% 0%
7% 180 94% 179 98% -2%
8% 3147 96% 2788 97% 0%
9% 4397 52% 865 74% -3%
10% 5811 57% 4362 83% -4%
11% 17333 59% 11380 81% -3%
12% 33286 74% 26520 79% -3%
13% 27930 78% 23557 81% -3%
14% 30303 80% 29258 81% -3%
15% 817 88% 776 88% -2%
16% 37 79% 37 79% -7%
17% 5087 83% 4940 84% -2%
18% 4903 69% 2230 87% -1%
19% 4 100% 4 100% 0%
20% 20 71%

Current Loan Status By Loan Originator

Again we’re still seeing Aasa as a top performer everywhere! Some loan originators like CreditStar and CreamFinance are noticeably struggling with late loans. CreamFinance hasn’t updated their finances on Mintos in a while.

Loan Originator Currency Country BuyBack Term All Term >6m
Aasa EUR Poland Yes 4576 100% 4575 100%
Aasa EUR Sweden Yes 1902 100% 1584 100%
Aasa PLN Poland Yes 1034 100% 1034 100%
Aasa SEK Sweden Yes 223 95% 223 95%
ACEMA CZK Czech Republic No 5 100% 5 100%
ACEMA CZK Czech Republic Yes 1 100% 1 100%
ACEMA EUR Czech Republic No 12 92% 12 92%
ACEMA EUR Czech Republic Yes 5 100% 5 100%
Aforti EUR Poland Yes 142 65% 141 65%
Aforti PLN Poland Yes 33 61% 33 61%
AgroCredit EUR Latvia Yes 1 50%
Banknote EUR Latvia Yes 12790 68% 7719 80%
BIG GEL Georgia Yes 938 100% 715 100%
Bino EUR Latvia Yes 1282 53%
Capital Service EUR Poland Yes 2443 78% 2443 78%
Capital Service PLN Poland Yes 36 68% 36 68%
Capitalia EUR Estonia No 31 63% 30 64%
Capitalia EUR Latvia No 48 79% 36 78%
Capitalia EUR Latvia Yes 4 100% 4 100%
Capitalia EUR Lithuania No 69 61% 53 63%
Capitalia EUR Lithuania Yes 3 75% 3 75%
CashCredit EUR Bulgaria Yes 4605 79% 2750 82%
Creamfinance CZK Czech Republic Yes 149 13%
Creamfinance DKK Denmark Yes 10 5%
Creamfinance EUR Denmark Yes 215 38%
Creamfinance EUR Georgia Yes 911 27% 37 10%
Creamfinance GEL Georgia Yes 347 26%
Creditstar CZK Czech Republic Yes 132 35%
Creditstar EUR Finland Yes 101 43% 99 43%
Creditstar EUR Poland Yes 978 38%
Creditstar EUR Spain Yes 208 22%
Creditstar PLN Poland Yes 375 31%
Debifo EUR Lithuania No 111 78%
Dindin EUR Spain Yes 229 20% 119 46%
EcoFinance EUR Russian Federation Yes 70 19%
EuroOne EUR Spain Yes 315 17%
ExpressCredit EUR Botswana Yes 305 100% 264 100%
Extra Finance EUR Romania No 17 59% 14 56%
Extra Finance EUR Romania Yes 7 64% 7 64%
Extra Finance RON Romania No 2 33% 2 33%
Getbucks EUR Botswana Yes 2509 81% 2329 98%
GetBucks EUR Poland Yes 38 7%
Hipocredit EUR Latvia No 326 80% 326 80%
Hipocredit EUR Latvia Yes 61 88% 61 88%
Hipocredit EUR Lithuania No 66 86% 66 86%
Hipocredit EUR Lithuania Yes 2 100% 2 100%
ID Finance EUR Georgia Yes 1618 85% 1449 84%
ID Finance EUR Spain Yes 1167 29%
ID Finance GEL Georgia Yes 3364 85% 3222 86%
Invipay EUR Poland Yes 385 95%
Invipay PLN Poland Yes 216 85%
ITF Group EUR Bulgaria Yes 1852 100% 1468 100%
IuteCredit EUR Albania Yes 5591 77% 5283 77%
Kredit24 EUR Kazakhstan Yes 69 58%
Kredit24 KZT Kazakhstan Yes 20 71%
Lendo EUR Georgia Yes 45937 78% 42932 81%
Lendo GEL Georgia Yes 5492 77% 3384 82%
Mogo EUR Bulgaria Yes 552 69% 552 69%
Mogo EUR Estonia No 107 73% 107 73%
Mogo EUR Estonia Yes 3033 83% 3030 83%
Mogo EUR Latvia No 330 85% 330 85%
Mogo EUR Latvia Yes 6822 84% 6770 84%
Mogo EUR Lithuania No 184 77% 184 78%
Mogo EUR Lithuania Yes 4211 76% 4198 76%
Mogo EUR Poland Yes 685 62% 685 62%
Mogo EUR Romania Yes 607 63% 607 63%
Mogo GBP Poland Yes 215 61% 215 61%
Mogo PLN Poland Yes 210 65% 210 65%
MoneyMetro EUR Latvia Yes 850 75% 740 76%
Mozipo Group EUR Denmark Yes 242 52% 209 57%
Mozipo Group EUR Lithuania Yes 4039 86% 3653 86%
Mozipo Group EUR Romania Yes 426 66% 389 68%
Rapicredit EUR Colombia Yes 111 17%
Sebo EUR Moldova Yes 6520 76% 2204 73%
Varks EUR Armenia Yes 384 51%
Watu Credit EUR Kenya Yes 354 88% 352 88%

Discussion

Register now!

Tip of the month

According to our Mintos portfolio, roughly 30-40% of all Georgian Lari (GEL) currency loans are being bought back every month. Check the secondary market for quick discounts. In some countries secondary market discounts are not taxed because they are in fact discounts.

Beware, the Georgian Lari is relatively volatile compared to other currencies.

Create an account with Transferwise below to receive 500 GBP (or equivalent) worth of free transfers. You will save 0.5% in fees! They currently also have a beta program for borderless accounts that come with free MasterCard debit cards.

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