EcoFinance

Last Updated: 31.05.2018.

EcoFinance
Loans Originated
€ 36.1 M
Loan portfolio
€ 3.8 M
Buyback Guarantee
With a buyback guarantee
Skin in the Game
10%
Average NAR%
13.5%
Website: EcoFinance
Founded: 2015
Employees: 129
Joined Mintos: November 2017
Loan Type: Short-Term Loan
Country: Russian Federation
Currency: EUR, RUB
Effective APR charged to borrowers: 561%-713%
Loans Outstanding on Mintos: € 983 017

About

Established in 2015, EcoFinance has become one of the leading consumer lenders for subprime and underbanked clients in Russia. The company is run by seasoned banking executives with vast international experience in finance and IT.
 
EcoFinance puts a strong emphasis on responsible lending. The company has its own algorithms to automate the process of assessing the creditworthiness of clients. Their online service allows borrowers to send loan applications via SMS or website, and funds can be accessed after two minutes. EcoFinance holds a full general microfinance company license provided by the Central Bank of Russia.