Review of Peer To Peer Lending Platform After 6 Month of Investing

Updated: 3 October, 2017 seen 1,325

I've been investing on peer to peer lending marketplace already 6 months. In today's article, I'll share some of my key findings so far

Before continuing, please see Review of Mintos Peer to Peer Lending After One Month of Investing and Review after 3 month investing in Peer to Peer loans. There is one reason I'm investing here on Mintos - option to invest in Georgian Lari currency, as I've been living in Georgia for a while, I like the idea of having some of my money in the local market. See: Invest in Georgia - Peer-to-Peer (P2P) lending -

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.

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About Interest earned on

During the past 6 months I've invested in total EUR 2,707.28 and made a profit from interest EUR 118.29. Mintos contributes regularly to my dividend income with about EUR 30/mo, and I'm looking to increase interest here to EUR 50, during next 6 months.

Monthly return on platform (February - July 2017)

Monthly return on platform (February - July 2017)

Here is the fun fact, I actually started lending on already in January, it took me some time for my deposit to go through, more interesting to observe that in February I got even a negative return (-0.42 EUR) because of currency exchange fees. See: My Start at Investing on Mintos Peer to Peer Lending Platform: Depositing Funds

My investments are spread between EUR and GEL currency loans. GEL isn't the most stable currency, in the past GEL have lost it's value against EUR and USD a few times already, see: 

If you are lending on Mintos marketplace and you are exchanging EUR to GEL directly on the platform, keep in mind - GEL is volatile. Speaking of me, I'm depositing GEL directly on the platform and then exchanging it to EUR, it's pretty costly, but I don't care much as I'm more concerned of GEL volatile against EUR.

Mintos as part of investment portfolio

At the end of July 2017, took second place (43.2%), after stocks (47%) from my total investment portfolio. The rest goes to - Mutual Funds 6.4%, Cryptocurrencies 2.6% and cash 0.8%

Portfolio structure as of July 2017

Portfolio structure as of July 2017

43.2% from total portfolio in peer to peer lending seems a bit high to me, and I'm planing to diversify more of from peer to peer lending loans, by increasing investments in stocks, cash and a little bit in crypto currencies. Right now, when looking on investments on marketplace, I can see increasing total amount to about 5,000 EUR, but not more, as frankly speaking - don't get me wrong, is cool, rates are amazing, buybacks works great, but that's it - 5,000 EUR is limit for my investments here (for foreseen future)

Withdrawing money and paying taxes

I haven't yet withdrawn any money from, though I'm planing to do so (withdraw interest earned here) in January 2018. I haven't paid any taxes yet (should do after withdrawal). 

About secondary market

I have started to limit the long term loans in my portfolio, I did find I've a few long term (5 years and more) loans and decided to use secondary market to sell off some of them. Secondary market Secondary market

Unfortunately, after about 3 weeks already listed on secondary market, no loans have been sold yet. That might be a problem for those looking to exit quickly from If nobody will buy these loans, it means I will be "tied" to platform until 2022. I don't mind using for next 5 years, but let's agree 5 years are a long time, a lot can change (and will). 

About Auto Invest

Auto Invest works like a charm, I've defined a few auto invest portfolio, all with buyback guarantee and longest remaining loan term 48 months (4 years)

Mintos Auto Invest Auto Invest

Future plans

During the next 6 months I plan to increase my investments on marketplace to about EUR 5,000 both in EUR and GEL currencies. 

The Bottom Line

I really love the way how Mintos operates, these first 6 month here have gave me a lot of confidence to trust the platform, buyback guarantee works excellent, all due loans have been bought back with interest applied.

Regular and transparent reports on Mintos blog boosts even more the credibility, but I won't hide my doubts in longer term success of such business, mainly because of following reason - investments in Eastern Europe, although region seems is experiencing growth right now in 2017, let's say - we are in the bull market, but what will happen during upcoming bear market?