GoCredit received an investment grade (BBB) with Stable Perspective from one of the leading rating agencies in Mexico and Latin America: PCR Verum.
According to GoCredit, the report highlights:
- Positive evolution in financial performance
- Increasing profitability
- Positive management of liquidity
- Good control over assets and liabilities
- Adequate liquid assets
See full report
According to the CEO of GoCredit, Federico Diaz, GoCredit has maintained its track record and performance by increasing its net income by 26% as of the 3Q22 vs 2021, reaching an all-time record in the issuance of loans (+23% vs 2021), and a 111% increase in direct funding through Mintos.
“We’d like to sincerely thank all of our investors on Mintos, since it is thanks to your trust and funding that together we’ve been able to continue our growth, exceeding our goals and expectations year after year. We hope to keep working alongside all of you, and thank you for your trust in GoCredit.”
To share these great results with investors on Mintos, the company has launched a new cashback campaign. For a limited time, you can earn a cashback of up to 1.5% on investments in Notes for GoCredit.
You can earn a cashback of:
- 0.5% for Notes with remaining term of up to 12 months 0 days
- 1.0% for Notes with remaining term from 12 months 1 day to 24 months 0 days
- 1.5% for Notes with remaining term from 24 months 1 day to 36 months 0 days
This offer is valid from 19 to 31 December 2022.
To qualify for the cashback bonus, you’ll need to enroll in the campaign and invest a minimum of €50 (cumulative) into Notes for GoCredit.
Notes for GoCredit come with enhanced security features: the security consists of a pledge over the loans underlying the Notes for GoCredit, and also a third-party trust provider securing the cash flows. As a result, Notes for GoCredit have one of the highest cooperation structure subscores on Mintos (7.7), and an overall Mintos Risk Score of 6.5.
There’s almost €1.021m worth of qualifying Notes available on Mintos with interest rates of 7-16%.
Remaining term up to 12 months 0 days | Remaining term from 12 months 1 day to 24 months 0 days | Remaining term from 24 months 1 day to 36 months 0 days | Interest rate (%) |
| 13,626.34 |
| 7 |
137.62 | 11.04 |
| 9 |
| 157,272.52 | 173,304.44 | 10 |
153.30 | 243,471.59 | 417,859.64 | 11 |
| 952.65 |
| 11.5 |
75.03 | 1,011.76 | 12,540.91 | 14 |
20.75 | 135.68 | 252.34 | 15 |
12.01 | 205.91 | 231.96 | 16 |
Only investments made on the Mintos Primary Market via manual investments or custom automated strategies qualify. Investments made before enrolling or made via Diversified, Conservative, or High-yield strategies are not eligible. The cashback will be credited to your Mintos account within 7 business days after making the investment. See full terms
Notes for GoCredit are listed on Mintos in EUR. The original currency in which the underlying loans were issued is MXN. GoCredit has full currency hedging in place.
At the time of the cashback launch, 79,3% of outstanding investments in GoCredit loans (via Notes and claims) on Mintos are current. The company has no payments that have been pending longer than the normal settlement period of 8 days. For changes in the pending payments status, see Loan statistics.
About GoCredit
GoCredit was founded in 2011 and is currently employing 200 people. Until now, the company has issued more than 30 000 payroll loans and more than 16 000 direct debit loans.
Direct debit loans are personal loans that are automatically deducted once the borrowers receive a salary or pension in their bank accounts. Payroll loans are deducted by the employer (i.e. government agency) before the borrowers receive their net income effectively removing the risk of the borrower’s willingness to pay.
