December 2018 Income Report

Hello Everyone,

For the month of November 2018, I made 2 deposits on Mintos, one for €9.66 on December 27, 2018, and a second one for €150.00 on December 31, 2018. The first deposit was made since I had an old account with only €9.66 in there for years and I just figured to transfer it to Mintos to get some interest out of it.

There were not many changes on Mintos for the month of December 2018. Although, two loan originators that listed one for the UK, Peachy, and the other one from Poland called eFactor. I purchased about €50 worth of loans from Peachy since the loans were listed at 13% yield with buyback guarantee and they were listed in Euro. That would be awesome since I didn’t have any other loans originated from the UK so it would diversify my portfolio even further. I didn’t buy any loans from eFaktor since all of them were listed in Polish Zloty, no buyback guarantee and rates of only up to 9%. Plus, at the time of this writing all of the loans from eFaktor are actually late (04/01/2018).
Also, GetBucks expanded its presence on Mintos with consumer loans from GetBucks South Africa. GetBucks consumer loans originated in South Africa are available on Mintos and they are denominated in EUR. The company offers an annual interest rate of up to 12% for Mintos investors. To be honest, I am pretty excited about this, GetBucks is one of my favorite loan originators since they offer decent yields and, for loans issued in Kenya and Zambia, the company has special agreements that ensure loan repayments are deducted directly from the salary of the borrower.

On the following screenshot of my monthly account statement, you will be able to see all the details.

december account statement from mintos
December Account Statement
december overview mintos
Overview of my Mintos account

For the month of December 2018, I deposited €159,66 and the total return from cashback, interest, late fees and secondary market transactions was €46,12.

Until Next Time,
Peter

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