We have great news! There are now even more opportunities for investment as Tengo.kz has just launched on the marketplace and offers its short-term loans issued in Kazakhstan. Don’t miss this great opportunity to earn net annual returns of up to 12% for its loans listed in Euro (EUR) and up to 19% for its loans listed in Tenge (KZT)!
Tengo.kz is one of the fastest growing short-term consumer lenders in Kazakhstan operating entirely online. The company deploys the latest technologies to ensure it can deliver instant consumer identification and effective scoring. This data-driven approach has enabled Tengo.kz to build a well-performing portfolio relatively quickly.
The company is continuously investing in its IT systems applying the most innovative and modern technology to offer fast and convenient short-term lending with an exceptional customer experience. Tengo.kz aims to build strong long-term relationships with its clients by trying to always find the most suitable and mutually beneficial solution for every individual.
Since its inception in 2017 until the middle of October of this year, Tengo.kz has issued over 150 000 loans worth EUR 13.5 million. At the end of September 2018, Tengo.kz had an outstanding net loan portfolio of more than EUR 4 million.
On Mintos, Tengo.kz offers short-term Kazakhstan-issued loans of up to EUR 650 for investment with a maturity of up 30 days.
All loans placed on Mintos by Tengo.kz have a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. To align its interests with those of investors, the company will keep 10% of each loan on its balance sheet in order to maintain its skin in the game.
“Tengo.kz is excited to join the Mintos marketplace to be able to offer investors our well-performing portfolio. Given our outstanding risk management and IT infrastructure our collaboration with Mintos will strengthen our position in Kazakhstan’s market and provide investors with stable returns”, says Country manager Vitaliy Nizhegorodtsev at Tengo.kz.
This is a great opportunity to diversify your portfolio and invest in Tengo.kz loans listed in EUR and KZT. If you use Auto Invest to streamline your investment strategy and want to invest in loans from Tengo.kz, don’t forget to update your settings!
