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In our previous blog post we announced a change of legal structure for loans issued by Mogo Moldova. We wanted to clarify that there have been some delays and changes to the implementation:
From 23 September 2020, Mogo Moldova will start offering loans without buyback guarantee to Mintos investors. With these loans, 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. These loans will be issued with a direct structure, which means investors on Mintos will now be able to buy claim rights directly against the end borrower.
Mogo Moldova will also keep offering loans with buyback guarantee. These loans will continue to have an indirect structure.
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. Your custom automated strategies will continue investing according to their settings. If you want to invest in the new loans without buyback guarantee, please adjust your strategy 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