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Got another promotional e-mail from Mintos.com peer to peer lending marketplace, informing about the opportunity to invest in Armenia issued loans by varks.am
As Armenia together with Georgia have been on my investment radar for a while, I feel good - knowing I can earn some dividends in this hospital South Caucasus country. See: Invest in Georgia - Peer-to-Peer (P2P) lending - Mintos.com
Both individuals and entities can invest through Mintos. Individual investors must be at least 18 years old, have a bank account in the European Union or third countries currently considered to have AML/CFT systems equivalent to the EU, and have their identity successfully verified by Mintos. At the moment, US citizens or taxpayers cannot register as investors at Mintos.
Affiliate link here: Sign up to Mintos.com here. By using this affiliate link for registration both you and I will receive — 1% of your average daily balance which should be paid in 3 installments for the first 90 days.
Disclosure - I'm not a financial advisor and I don't give you advice nor endorse to invest via peer to peer lending. Investments in peer to peer lending, stocks, funds or bonds are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.
Varks.am is one of the leading alternative lending companies in the country and now offers short-term consumer loans for investment on the Mintos marketplace. Loans from Varks.am are listed in euro (EUR) with expected returns of 13%.
Established in 2016, Varks.am is a universal credit organisation that offers its customers fast and easy access to funds through an effective application process. Clients can receive their loan from the company in cash after applying at one of the 30 branches the company has across Armenia.
Varks.am has more than 180 qualified and dedicated employees and a reliable client identification process which involves meeting all clients in person. Currently, Varks.am offers consumer loans, however, the company plans to expand the loan types issued to include business, pawnbroking and mortgage loans in the future.
Armenia-issued short-term consumer loans on Mintos from Varks.am range from EUR 17 to 420. The average repayment is 30 days and borrowers repay the loan in a single instalment. You can expect a yearly return of up to 13%.
All loans from Varks.am that are delinquent for 60 days will be secured with a buyback guarantee by its parent company. In addition, Varks.am will keep 10% of all loans placed on Mintos on its balance sheet - to ensure its interests are aligned with those of investors.