Invest
Smart Cash
Security
Blog
About
English English

Watu Credit

Last Updated: 24.04.2020. Date when the basic information was updated
Watu Credit
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 77.9 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.
€ 16.7 M
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.
14.4%
Website:
watucredit.com
Founded:
2015
Employees:
620
Loan Types: The type of linked assets the lending company has issued.
Car loan Car 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
Effective APR charged to borrowers: APR is not always the most representative measure of the cost of borrowing, therefore, Mintos shows effective APR. This is a unified measure among all loan originators on the platform. To calculate the effective APR, the methodology called XIRR (extended internal rate of return) is used, which is further adjusted to exclude compounding effects. Effective APR is calculated based on the cash flows charged to the borrower which includes principal, interest and any fees charged on a single loan basis, whether they are compulsory or not or are charged by a third party.
64%-102%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 7 347 757
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

16.08.2021

Watu Credit launches a new entity – the first lending company from Uganda on Mintos
All News

About

Watu Credit Limited is a fast-growing non-bank finance company. Headquartered in Mombasa, Kenya Watu Credit aims to become the leading East African provider of a broad set of inclusive financial products, delivered in a fast, efficient and professional manner.

The Company offers asset financing (motorcycles and three-wheelers) and group lending products (short-term and business loans) and currently is expanding with branches opened in Nairobi, Malindi, Nakuru and Mombasa (Town). Watu Credit prides itself in offering fully cash-less services for loan disbursement and collection as well as 24-hour access for clients to their account balances.

Presentation

Presentation

Last Updated: 24.04.2020

Financials

Financials

Last Updated: 05.08.2024

Loan Agreement

Loan Agreement

Last Updated: 05.08.2024