Mikro Kapital, with its legal entity Mikro Leasing, launches on Mintos and offers you to invest in loans issued in Belarus, On Mintos, this is the Mikro Kapital Group’s fourth country, together with Russia, Moldova and Romania. Mikro Leasing loans on the Mintos marketplace will be listed in Euros (€) and Russian ruble (RUB), with expected returns of up to 10% (loans in €) and up to 16% (loans in RUB).
Founded in 2009, Mikro Leasing is the first leasing company in the Republic of Belarus that was granted with a B- Fitch credit rating (an international credit rating agency) in 2019. As of September 30, 2019, Mikro Leasing had a net loan portfolio of € 33 million.
The company’s major activities include car leasing, special machine leasing, equipment leasing, property leasing. Currently, Mikro Leasing has 4 800 active contracts, 3 700 active customers, and a cumulative amount of € 123 million of loans originated since 2009. Group-wide, the total amount of loans originated exceeds € 450 million.
Mikro Leasing is also regulated by the National Bank of the Republic of Belarus.
About the Mikro Kapital group
Launched in 2008, Mikro Kapital is now a group focused on the use of microfinance techniques for investing in small businesses across emerging areas of the world, especially in Russia and Russian-connected countries, Central and East Asia, and Latin America. As of December 31, 2018, the Group had total assets under management of € 530 million.
Holding company’s specialization is microfinancing of small and medium-sized enterprises in the countries of Eastern Europe. Mikro Kapital Group currently unites financial institutions in Italy, Switzerland, Luxemburg, Armenia, Russia, Belarus, Romania, Moldova, Tajikistan and other countries.
Mikro Leasing on Mintos
On Mintos, Mikro Leasing has received a Mintos Rating B+. Their loans come with a buyback guarantee, and Mikro Leasing has 10% skin in the game. To investors on Mintos, the lending company offers interest rates of up to 10% (loans in €) and up to 16% (loans in RUB). The average loan amount is € 11 000, with an average duration of 30 months. Mikro Kapital Group SARL, the parent company of Mikro Leasing Belarus, covers parent company guarantee to loans issued by the loan originator. For example, if a loan with a buyback guarantee is late for more than 60 days and the loan originator is not able to buy back the loan, the group company will have to buy it back.
“We are interested to expand our transactions and maintain profitable growth. Through Mintos, we have gained an excellent opportunity to attract funds from individual investors at reasonable rates. Our company’s success at the leasing market, to a large extent, also depends on Mintos. We strive for global automation of our business processes and use innovative solutions in our business models, thus, cooperation with Mintos fully conforms to our funding vision of the future,” said Azalsho Tagayev, Director of Mikro Leasing.
Nowadays, Mikro Leasing has 7 offices with 80 employees in all administrative centers of the regions in the Republic of Belarus. Within the last few years, Mikro Leasing has also been subject to the annual audit carried out by KPMG in accordance with the international financial reporting standards and local accounting procedures.
To obtain exposure to Mikro Leasing loans, investors will be able to invest in loans issued by Mintos Finance Estonia to Mikro Leasing, where repayments depend on the borrower’s payments. Each loan issued by Mintos Finance Estonia to Mikro Leasing will be pegged to a respective loan issued by Mikro Leasing to the final borrower. Mintos Finance Estonia is a Mintos group company. A detailed description of the new structure is available in the Mintos Finance Estonia loan agreement and assignment agreement.
