Loan GRP-2184 - Business Loan

Loan Type
Business Loan
Loan Term
11 mo. 9 d.
Loan Amount
€40,000.00
Offer for investment
€38,000.00
Date Issued
04.03.2019
Maturity date
03.03.2020
Loan Originator
Fintech Capital Oy
Security
BuyBack guarantee in case of borrower`s payments delay for more than 60 days.
Description
Description

The loan has been issued to a Latvian micro credit company NordCard for further expansion of consumer lending activities.

Fintech Capital Oy is a limited liability company registered in Finland in 2018. The sole purpose of this company is to make available to investors pay-day-loans issued by NordCard. Fintech Capital Oy is an affiliated company with NordCard, it is an intermediary that will collect investments and then will transfer to NordCard. The direct structure for pay-day-loans is not available, as claim rights can’t be held against individuals.

NordCard (brand name of SIA “Hedge Capital Company") is the first non-bank company in Latvia to offer service of “credit line”. Customers can take a loan up to Eur 3,000 for a period of up to 50 months. Despite the company's conservative lending approach, NordCard is showing solid year-on-year growth, its loan portfolio more than quadrupled in 2017 and it grew by 25% by the end of 2018. In near future, NordCard is planning to expand to Scandinavia.

Since establishment, NordCard received 77,800 applications. As a result of a prudent selection process, they currently have 3,500 active and reliable clients.

The loan portfolio as of December 2018 was Eur 2,300,000

Loan portfolio growth dynamics:
12.2016 – Eur 346,794.16
12.2017 – Eur 1,776,501.21
12.2018 – Eur 2,241,744.22

Country
Latvia
Collateral
Investor
Amount
Available
Total
Discount / Premium
Price
Investor Fintech Capital
Amount €35,335.88
Available €35,335.88
Total €35,335.88
Discount / Premium 0.0%
Price €35,335.88
Investor Investor 1
Amount €10.00
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Investor Investor 2
Amount €10.00
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Investor Investor 3
Amount €50.00
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Investor Investor 4
Amount €25.00
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Investor Investor 5
Amount €20.00
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Investor Investor 6
Amount €100.00
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Investor Investor 7
Amount €20.00
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Investor Investor 8
Amount €10.00
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Investor Investor 9
Amount €80.00
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Investor Investor 10
Amount €50.00
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Investor Investor 11
Amount €50.00
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Investor Investor 12
Amount €30.00
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Investor Investor 13
Amount €20.00
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Investor Investor 14
Amount €10.00
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Investor Investor 15
Amount €35.00
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Investor Investor 16
Amount €10.00
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Investor Investor 17
Amount €10.00
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Investor Investor 18
Amount €10.00
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Investor Investor 19
Amount €50.00
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Investor Investor 20
Amount €10.00
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Investor Investor 21
Amount €10.00
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Investor Investor 22
Amount €20.00
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Investor Investor 23
Amount €20.00
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Investor Investor 24
Amount €10.00
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Investor Investor 25
Amount €25.00
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Investor Investor 26
Amount €15.00
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Investor Investor 27
Amount €30.00
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Investor Investor 28
Amount €100.00
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Investor Investor 29
Amount €10.00
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Investor Investor 30
Amount €10.00
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Investor Investor 31
Amount €10.00
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Investor Investor 32
Amount €10.00
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Investor Investor 33
Amount €12.00
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Investor Investor 34
Amount €50.00
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Investor Investor 35
Amount €30.00
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Investor Investor 36
Amount €20.00
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Investor Investor 37
Amount €10.00
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Investor Investor 38
Amount €10.00
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Investor Investor 39
Amount €10.00
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Investor Investor 40
Amount €25.00
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Investor Investor 41
Amount €200.00
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Investor Investor 42
Amount €10.00
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Investor Investor 43
Amount €10.00
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Investor Investor 44
Amount €16.00
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Investor Investor 45
Amount €10.00
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Investor Investor 46
Amount €10.00
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Investor Investor 47
Amount €10.00
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Investor Investor 48
Amount €11.12
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Investor Investor 49
Amount €25.00
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Investor Investor 50
Amount €10.00
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Investor Investor 51
Amount €25.00
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Investor Investor 52
Amount €20.00
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Investor Investor 53
Amount €20.00
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Investor Investor 54
Amount €50.00
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Investor Investor 55
Amount €10.00
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Investor Investor 56
Amount €10.00
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Investor Investor 57
Amount €10.00
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Investor Investor 58
Amount €10.00
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Investor Investor 59
Amount €15.00
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Investor Investor 60
Amount €250.00
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Investor Investor 61
Amount €10.00
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Investor Investor 62
Amount €10.00
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Investor Investor 63
Amount €10.00
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Investor Investor 64
Amount €25.00
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Investor Investor 65
Amount €50.00
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Investor Investor 66
Amount €10.00
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Investor Investor 67
Amount €500.00
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Investor Investor 68
Amount €10.00
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Investor Investor 69
Amount €10.00
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Investor Investor 70
Amount €50.00
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Investor Investor 71
Amount €10.00
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Investor Investor 72
Amount €20.00
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Investor Investor 73
Amount €20.00
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Investor Investor 74
Amount €10.00
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Investor Investor 75
Amount €20.00
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Investor Investor 76
Amount €20.00
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Investor Investor 77
Amount €20.00
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Investor Investor 78
Amount €40.00
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Investor Investor 79
Amount €30.00
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Investor Investor 80
Amount €10.00
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Date
Principal
Interest
Total
Received i
Payment date
Status
Date 25.03.2019
Principal €0.00
Interest €235.97
Total €235.97
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Status Scheduled
Date 25.04.2019
Principal €0.00
Interest €337.10
Total €337.10
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Status Scheduled
Date 25.05.2019
Principal €0.00
Interest €348.33
Total €348.33
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Status Scheduled
Date 25.06.2019
Principal €0.00
Interest €337.10
Total €337.10
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Status Scheduled
Date 25.07.2019
Principal €0.00
Interest €348.33
Total €348.33
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Status Scheduled
Date 25.08.2019
Principal €0.00
Interest €337.10
Total €337.10
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Status Scheduled
Date 25.09.2019
Principal €0.00
Interest €337.10
Total €337.10
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-
Status Scheduled
Date 25.10.2019
Principal €0.00
Interest €348.33
Total €348.33
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-
Status Scheduled
Date 25.11.2019
Principal €0.00
Interest €337.10
Total €337.10
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Status Scheduled
Date 25.12.2019
Principal €0.00
Interest €348.33
Total €348.33
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-
Status Scheduled
Date 25.01.2020
Principal €0.00
Interest €337.10
Total €337.10
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Status Scheduled
Date 25.02.2020
Principal €0.00
Interest €337.10
Total €337.10
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Status Scheduled
Date 03.03.2020
Principal €38,000.00
Interest €96.09
Total €38,096.09
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Status Scheduled
Loan Amount
€40,000.00
Initial offer
€38,000.00
Available
€35,335.88
Available
€35,335.88
IR
11.00 %
LTV
-
Term
11 mo. 9 d.
€2,664.12 of €38,000.00