Starting from 10 June 2020, all new loans placed by Mogo Moldova on Mintos will be with a changed, direct investment structure. While part of the newly placed loans will have a buyback guarantee, Mogo also follows up on the previously announced offering of loans without buyback guarantee and potentially higher yields in Georgia and other countries. Having seen demand for such loans from investors on Mintos, Mogo will continue the offering of loans without buyback guarantee also with new Moldova-issued loans.
With loans without buyback guarantee, investors can earn potentially higher yields and tailor their portfolio according to loan risk categories which are based on the lending company’s internal scoring models.
All existing Moldova-issued Mogo loans placed on Mintos until 10 June 2020 will keep amortising with the old investment structure. The change of structure is necessary to be able to offer both loans with and without buyback guarantee. As a result, investors on Mintos will now be able to buy claim rights directly against the end borrower for new Moldova-issued Mogo loans.
You can learn more about the direct and indirect structures on our FAQ page.
Adjusting investment preferences
If you want to continue investing in all Moldova-issued Mogo loans, no action is needed. Current Auto Invest functions will remain valid also with the new structure.
If you want to avoid investing in new Moldova-issued Mogo loans or only the loans without the buyback guarantee, please adjust your Auto Invest settings.
About Mogo Group
Mogo Group was founded in 2012 in Latvia and joined the Mintos marketplace in 2015, originally offering loans for investment from Latvia. Since then, Mogo Group’s presence on the marketplace has grown substantially and now places loans on the marketplace from Bulgaria, Estonia, Georgia, Latvia, Lithuania, Poland, Romania, Moldova, Armenia, Belarus and Albania. As of the end of December 2019, Mogo Group had a net loan portfolio of over € 189 million across its operations.