Credito

2

Loans Listed in Grupeer

2

Loans Originated

12.00%

Average NAR

buy back is enabled

BuyBack Guarantee

Loan type

Country

Founded
2012
Joined Grupeer
2019
Registration number
12323276
Employees
10
Address
Harju maakond, Kesklinna linnaosa, Tartu mnt 56, 10115
Currency
EUR
Term of Loans
11-12 mo.
Defaulted loans
0
Skin in the game i
5%
Pledge of assets
No
Loans funded
€48962.15

Financial market professional with many years of experience Marko Ott has been building up systems and automized services with new IT platforms. He saw the niche in Estonian market of financial services and established Credito, the brand name of PC finance in 2012. 
Credito decided to make it simple, offer just one product- a consumer loan up to Eur 3,000. The screening process is very conservative, however once the client gets approved, the returning customers are having an easy access to repeated loans. The target audience are working citizens aged between 25-55 citizens.


-Over 65% are returning customers
-The rejection rate is 45%
-Current portfolio is approximately Eur 200,000
-Typical customers: Male and female employed citizens aged 25-55