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Stik Credit

Last Updated: 05.05.2020. Date when the basic information was updated
Stik Credit
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 24 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.
€ 2.9 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.
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.
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
Website:
Stik Credit
Founded:
2013
Employees:
100
Joined Mintos:
September 2019
Annual percentage rate charged to borrowers:
36-50%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 0
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

Stik Credit underwrites unsecured consumer loans within minutes to the residents of Bulgaria. The company has two primary sales channels: online and its retail network. The loan originator established its online presence in early 2017 and has since experienced rapid growth in online loan applications.

Presentation

Presentation

Last Updated: 08.04.2020

Financials

Financials

Last Updated: 26.11.2020

Loan Agreement

Loan Agreement

Last Updated: 30.09.2019