afranga.com/referral/7RTtrGsvp9   👈

Up to 16.4% interest on your investment

Literatur + Afranga

Afranga.com is a very new P2P Lending site which was just launched in 2021. While many P2P sites are based in the Baltics, this one is based in Bulgaria. When thinking about a new marketplace, the most important question and perhaps the most difficult to assess is trust. Afranga.com is the lending marketplace of Stikcredit which has been in the lending business for about 8 years. Stikcredit has recently issued loans on Mintos, Viventor and Bondster and has now launched ist own marketplace. Their financial results have been quite impressive. Stikcredit ended 2020 with record results achieving 2.3m EUR in net profit up 39% from the previous year. The net profit for Q1 2021 is 0.66m EUR up 22% versus 1Q20. Having a lender achieve substantial profits is extremely important. Please note however that the monthly lending volume at Afranga is still much lower compared to other P2P players. In a recent note (August 2021) they mentioned 5000 loans per month. Afranga’s“About us” page list only a few team members and I wish it would be a bit more informative on relevant business experience of the individual members. The site is very intuitive and you easily can track your account balance, performance and portfolio. Unlike some other P2P sites afranga.com does not yet have a secondary market which would allow you to sell loans before maturity. But apparently this is a feature Stikcredit is working on. On afranga.com you can invest in short term loans or instalment loans from Bulgaria. The instalment loans are currently offered at an interest rate of up to 16.4% and a term between a few days and 24 months. At the time of writing there were hundreds of loans to invest in. Short term loans are more rare and have a term from 5 to 30 days. My autoinvest feature did not catch any short term loans so far. All loans come with a buyback guarantee. If a particular loan in which you’ve invested becomes delayed by more than 60 days, Stikcredit will repurchase the loan from you and pay the initial amount plus accured interest. All loans are currently from Bulgaria but there are plans to expand into other countries. All in all afranga.com is an interesting marketplace with some of the most generous interest rates currently. I would recommend the marketplace for diversifying your P2P portfolio. If you want to test the site and value my feedback please feel free to use my referral code afranga.com/referral/7RTtrGsvp9 Please invest cautiously and at your own risk.