JULO

Last Updated: 30.04.2020. Date when the basic information was updated
JULO
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 64.4 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.
€ 3.1 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:
Founded:
2016
Employees:
273
Joined Mintos:
January 2020
Annual percentage rate charged to borrowers:
97%-112%
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

JULO is an Indonesian-based digital lender and is headquartered in Jakarta. Julo is driving financial inclusion across Indonesia, with accolades from the United Nations, Global Inclusive Fintech 50 and others. JULO aims to improve access to capital for the large, youthful population of Indonesia (270 million+ people) with unmet financial needs.

Through machine learning and advanced credit analytics, JULO is able to assess the creditworthiness of the population that is often overlooked by conventional institutions. JULO is backed by prominent VCs and funds who share the same belief of impact investing and tech-driven solutions for financial inclusion. Operating in the world's fourth most populous nation, JULO intends to achieve its immense growth potential.

Last Updated: 28.01.2020

Last Updated: 07.02.2020

Last Updated: 07.02.2020