Podemos Progresar

Podemos Progresar
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 135.3 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 17.3 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
Website:
Founded:
2007
Employees:
281
Joined Mintos:
03.11.2020
Loan Types: The type of loan the company has issued to borrowers.
Personal loan Pledge type group unsecured
Countries: Countries in which the loans were issued by the lending company.
Currencies: Currencies in which investment opportunities from the company are offered.
MXN
Annual percentage rate charged to borrowers:
60%-110%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
0

About

Podemos Progresar is a financial company that offers microcredits for businesses as well as access to development services. The company has over 250 employees and more than 30 000 clients in the Mexico market. Podemos Progresar's loans placed on Mintos are in EUR.

All of Podemos Progresar's clients are women who use loans to create productive workshops, attend financial and business training, gain legal and psychological advice, and other services that support the growth of their self-employment or small businesses. These services foster the development of the communities around them. The unique feature of these loans is that a group of 10-20 people cross-guarantee each other’s repayments, helping Podemos Progresar maintain a low risk portfolio.

Last Updated: 25.05.2021

Last Updated: 25.05.2021

Last Updated: 26.10.2020