Blog_PICTURE

Changes in Lendo’s “skin in the game”

09.01.2017

mintosblog

We would like to inform you that Lendo, loan originator which offers short-term unsecured loans from Georgia on the Mintos marketplace, will decrease its “skin in the game” from 15% to 10% starting January 19, 2017.

Lendo, founded in 2016, has had a very strong growth, reaching more than EUR 10 million in outstanding loan portfolio as at September, 2016. In one year, Lendo has significantly expanded and now issues loans in 40 branches across Georgia’s largest cities – Tbilisi, Batumi, Gori, and Rustavi. All loans are issued face to face at company’s branches. The company has already 220 employees…

Blog_PICTURE

Georgian credit lender Lendo will offer short-term, unsecured loans on the Mintos marketplace

25.07.2016

mintosblog

We are truly pleased to announce our new cooperation with Lendo, a non-bank credit lender from Georgia. Lendo will offer short-term unsecured loans on the Mintos platform.

The average loan will range around EUR 100 with a 30-day due date.  Lendo will offer a buyback guarantee for loans that are delinquent for more than 60 days.

To start with, the average annual net return for these loans is expected to be 14%. Initially, Lendo will also keep at least 15% of each loan that they place on the platform on its balance…