MFO OnlineKazFinance JSC

Last Updated: 23.10.2024. Date when the basic information was updated
MFO OnlineKazFinance JSC
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
155.3 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
 
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
14.6%
Website:
solva.kz
Founded:
2012
Employees:
149
Joined Mintos:
March 2020
Loan Types: The type of linked assets the lending company has issued.
Personal loan Personal loan
Short-term loan Short-term loan
Countries: Countries in which the linked assets were issued by the lending or rental company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR, KZT
Annual percentage rate charged to borrowers:
41%-56%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 81 244 399
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
Up to 6

Recent News

30.01.2024

IDF Eurasia Kazakhstan entity (Solva brand) reports equity investment of $20 million

19.05.2023

IDF Eurasia Kazakhstan entity (Solva brand) reports a total revenue increase of 43% in 2022
All News

About

IDF Eurasia is the market leader in online lending in Russia and Kazakhstan. The company operates under the brands' Moneyman and Solva. IDF Eurasia makes borrowing money convenient and affordable to anyone with an internet connection. The company uses state-of-the-art technology in its decision-making system, adheres to principles of responsible lending and contributes to the sustainable financial development of society. IDF Eurasia has been recognized as the most innovative financial company by the Innovation Time Award. Solva has entered the list of top five major MFIs according to the National Bank of Kazakhstan.

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Last Updated: 23.10.2024