Now, there are even more opportunities for investment in Spain as Dindin, a Spanish microfinance company, has joined Mintos. The company offers investors on Mintos consumer loans with returns of up to 13% per year.
Dindin was founded in September 2016 and offers personal loans through online and telephone applications. The company has one of the most competitive rates and commissions on the Spanish market to borrowers between 23 and 75 years old.
Spain-issued loans from Dindin on Mintos range from EUR 50 to 900, with repayment periods from 7 days to 6 months. Dindin also allows to extend the repayment period for a small commission fee if the life situation for the borrower has changed. You can expect a yearly return of up to 13%.
All loans Dindin will be secured with a buyback guarantee. To keep its interests aligned with those of investors, Dindin will keep 15% of all its loans placed on Mintos on its balance sheet to maintain its skin in the game. Initially, only repeat borrower loans will be listed for investment on Mintos.
Dindin is growing quickly, with a current net loan portfolio of EUR 535 thousand. Since its establishment, the company has issued personal loans worth more than EUR 2.6 million and continues to grow rapidly. Find out more about the company in this presentation.
The Spanish alternative finance market continues to gain market share and attract customers. It is currently ranked as the fifth largest alternative finance market in Europe.
Make use of this opportunity and invest in loans from Dindin!