Loan GRP-2834 - Business Loan
“DoZarplati” is the one of the first and most recognizable microfinance company in St. Petersburg, founded in 2011 offering Pay Day Loans, literally means “Before the pay date of salary”.
They propose incredible opportunities to diversify your portfolio and get a chance to earn in the Russian market, with no currency risk!
In 2013 DoZarplati has introduced their first very basic scoring model, now the model is totally automated and 95% of applications are processed without human interaction. This allows to make a decision in seconds and helps to process 5000 applications a day that the company receives. In 2017 thay have launched “Nova” brand that propose solely business loans. They already with 1% of default rate and propose loans for micro businesses for the check amount below 1 million rubles (around Eur 13,500). In 2018 they have expanded and opened a new micro-crediting company in Kenya with the brand name e-Mkopo (“mkopo”, means “loan” in Swahili).
Currently, the average loan is around Eur 250 in rubles, but the company projects it to increase to Eur 300 in 2019.
- 100 offices in 14 Russian cities.
- Average rate is around 1-1.25% a day.
- Total cumulative loan volume more than Eur 36 million,
- Increased their conversion rate, the share of revenue from online business grew from 25% in 2017 to 58% in 2018.
- in December 2018 already made 142m rubles (~1 913 335 EUR).