For a limited time, Lendo offers investors on Mintos increased return rates for their Georgia-issued loans. The increased rate from Lendo applies to all Georgian Lari (GEL) loans and loans with a maturity of one year and longer listed in euro (EUR).
The return rate for Lendo loans in GEL is raised from 17% to 17.5% – currently the highest return rate on Mintos. The rate for one-year loans has increased from 12% to 13% – a return rate which is usually only available for much longer maturity investments. This offer will be valid until December 17, 2017.
Lendo offers a buyback guarantee for all of their loans on Mintos. To keep their “skin in the game”, for all loans placed on the Mintos marketplace the company retains 10% on their balance sheet.
Lendo joined the Mintos marketplace in July 2016 and offers personal and short-term loans for investment on Mintos in both EUR and GEL currencies. The company is one of the largest loan originators on the marketplace. Loans from Lendo have been very popular with investors – so far, more than EUR 155 million has been funded through Mintos. Historically, the average annual net return for Lendo loans has been 12.4%, and the company has paid more than EUR 1.3 million in interest to investors on Mintos.
Founded in 2016, Lendo has experienced very strong growth since its establishment. The company has achieved more than EUR 18 million in outstanding loan portfolio as of November 27, 2017. As a result, Lendo holds the top position in the Georgian microlending market. Since its inception, the company has greatly expanded its operations and now issues loans in 40 branches across Georgia’s largest cities – Tbilisi, Batumi, Gori, and Rustavi.
Take advantage of this limited time offer!