GoCredit

GoCredit
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 53.2 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.
€ 9.4 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.
9.8%
Website:
Founded:
2011
Employees:
272
Joined Mintos:
12.08.2021
Loan Types: The type of linked assets the lending company has issued.
Personal loan Personal loan
Countries: Countries in which the linked assets were issued by the lending or rental company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR
Annual percentage rate charged to borrowers:
30%-100%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
10 653 103

About

GoCredit is a Mexican lending company, founded in 2011. The company issues direct debit and payroll loans, both of which will be listed as personal loans on Mintos. 

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. 

GoCredit sees a tremendous growth opportunity as there are around 9 million government employees and pensioners who may qualify for payroll loans.

Last Updated: 16.12.2022

Last Updated: 17.08.2023

Last Updated: 22.04.2022