We are pleased to announce a new loan originator has joined our marketplace. Sebo offers loans for investment in a new geography – Moldova, with returns up to 13% per year. The company issues consumer loans with repayment terms from one week up to 36 months, and will list these loans on Mintos in euro (EUR).
Sebo has already shown itself to be a serious competitor in the alternative finance lending market in Moldova. The company was established in January 2017, and in just a few months it is one of the top microfinance institutions operating in Moldova that offers both short-term and long-term loans in cash.
Sebo prefers to take a personal approach when distributing loans. Instead of having services online, Sebo loans are given through their experienced sales agents and through the many branches in the largest cities in Moldova – Chisinau, Balti, Edinet, Anenii Noi, Ceadir Lunga and Drochia.
The microfinance sector in Moldova accounts for about 2% of GDP. The industry is mostly used by different social groups throughout the country and is especially relied upon in rural areas.
Moldova-issued loans from Sebo range from EUR 15 to 340. The repayment period varies from 7 days to 36 months. The net annual return is up to 13%, and all Sebo loans are secured with a buyback guarantee. The buyback of Sebo Moldova loans will be executed by its parent company, Dindin Holdings Ltd. Sebo Moldova and Dindin Spain both belong to the same group. Sebo will keep 10% of each loan placed on Mintos on its balance sheet, to maintain its skin in the game.
“Our aim at Mintos is to be a global marketplace for loans and to provide our investors with abundant opportunities for diversification, and Sebo joining the marketplace is a perfect fit. Now investors have a new geography to invest in and even more chances for diversification. Moldova is a fast-growing market, and we are pleased to offer our investors this opportunity,” says Martins Sulte, CEO and co-founder of Mintos.
Sebo has a rapidly growing loan portfolio. The company has issued more than 37 thousand loans, and as of December 2017, had a loan portfolio of EUR 2.2 million. Sebo has immediate plans for expansion and expects the number of employees to increase from 80 to 100 in 2018. Find out more about the company in this presentation.
To obtain exposure to Sebo loans, investors will be able to invest in loans issued by Mintos OU to Sebo, where repayments depend on the borrower’s payments. Each loan issued by Mintos OU to Sebo will be pegged to a respective loan issued by Sebo to the final borrower. Mintos OU is a Mintos group company. A detailed description of the new structure is available in the Mintos OU loan agreement and assignment agreement.
Diversify your portfolio by investing in Sebo’s loans from Moldova! If you use Auto Invest, be sure to adjust your settings to include Moldova-issued loans from Sebo.