Afranga is a young and rather small platform that gained strong popularity among investors. Famous for their initial 18% loans, the platform quickly attracted capital. One reason for this is that Afranga's founding company is the Bulgarian loan originator Stikcredit. Stikcredit was founded already in 2013 and is known to investors as a mintos and viventor loan originator. Since its inception, however, rates have been adapted to market developments. As of November 2021, you can earn relatively stable 12% of interest. However, high popularity led to high demand of primary market loans. In October the platform launched a secondary market at the right time to counter growing cash drag issues. All in all, we consider afranga a nice niche platform if you feel like entering the Bulgarian loan market. However, so far Stikcredit is the sole loan originator on Afranga such that there is no diversification possible.
You can create multiple strategies and prioritize their execution order. Other configuration options are: interest rates, remaining loan term, investment in one loan or target portfolio size.
Manual-Invest
Afranga
Available
You can manually invest both on the primary and on the secondary market.
Instant Cash-Out
Afranga
Not available
Secondary Market
Afranga
Available
The platform introduced in October 2021 the long awaited secondary market. Before that, many investors concentrated on very short-term loan investments. However, terms vary but are not very long-term neither (we have seen up to 24 months) on afranga.
Risk & Security
Buyback Guarantee
Afranga
Available
The platform states that loans are bought back when 60 days late: "All loans listed on Afranga come with a Buyback Guarantee. If a loan becomes 60 days delinquent you will receive back your investment plus accrued interest."
Payment Guarantee
Afranga
Not available
Rating System
Afranga
Not available
Due Diligence
Afranga
Not available
Skin in the Game
Afranga
Available
Stikcredit loan originator has usually 10% skin in the game.
Collaterals
Afranga
n/a
Maximum Loan To Value (LTV)
Afranga
n/a
Afranga – is it a match?
Disclosure
This page may contain
affiliate links. If you sign up with an investment platform via the buttons and links
provided on this page, beyondp2p can be rewarded with a commission. That
does not mean that you have to pay money! Quite the contrary: Depending on
the offer, you may enjoy cash backs and bonuses. Signing up with
these links is a direct way of supporting our work. Thank you!
Bulgaria
