Kviku

Last Updated: 30.09.2020. Date when the basic information was updated
Kviku
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 100 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.
€ 43.8 M
Buyback obligation A credit enhancement given by the lending company or other entity of a lending company group to the investor for a particular investment opportunity. 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 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% - 100%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
10.8%
Website:
Founded: The year the company was founded.
2013
Employees:
70
Joined Mintos:
30.08.2018
Loan Types: The type of loan the company has issued to borrowers.
Personal loan Pledge type group unsecured
Forward Flow Pledge type group forward flow
Countries: Countries in which the loans were issued by the company.
Currencies: Currencies in which investment opportunities from the company are offered.
RUB, EUR
Effective APR charged to borrowers: APR is not always the most representative measure of the cost of borrowing, therefore, Mintos shows effective APR. This is a unified measure among all loan originators on the platform. To calculate the effective APR, the methodology called XIRR (extended internal rate of return) is used, which is further adjusted to exclude compounding effects. Effective APR is calculated based on the cash flows charged to the borrower which includes principal, interest and any fees charged on a single loan basis, whether they are compulsory or not or are charged by a third party.
19%-365%
Outstanding Principal: Total outstanding principal from this company on Mintos.
26 831 359
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
Up to 6

About

Kviku forms a Group of online lending companies with operations in Russia, Kazakhstan, Ukraine, Spain, Poland and the Philippines.

The company operates completely online and offers a fast, reliable, convenient and transparent service. Kviku issues loans through its virtual credit card and point-of-sale partners and is regulated by the Central Bank of Russia.

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