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⭑⭑⭑⭑
3.8
based on 3 ratings

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.

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Key Facts

Investment Structures

Afranga Marketplace (peer-to-business)

Originator Types

Afranga Loan Originators

Investing Into

Afranga Consumer Loans

HQ Country

Afranga country image Bulgaria

Investments

Interest Rates

Afranga 12.00% – 18.00%

Number of Originators

Afranga 1

Number of Countries

Afranga 1

Currencies

Afranga EUR

Minimum Investment

Afranga 10 EUR

Statistics

Average Net Return

Afranga n/a

Total Loans Funded

Afranga 12m EUR

Loans Outstanding

Afranga n/a

Loans Current

Afranga n/a

Loans Late

Afranga n/a

Loans 1 To 15 Days Late

Afranga n/a

Loans 16 To 30 Days Late

Afranga n/a

Loans 31 To 60 Days Late

Afranga n/a

Loans 60 Plus Days Late

Afranga n/a

Loans Defaulted (In Recovery)

Afranga n/a

Loans Defaulted (Recovered)

Afranga n/a

Loans Defaulted (Written Off)

Afranga n/a

Investors

Afranga n/a

Average Amount Per Investor

Afranga n/a

Principal Returned

Afranga n/a

Interest Earned

Afranga n/a

Late Fees Earned

Afranga n/a

Loan Originators Statistics new

Afranga n/a

Features

Auto-Invest

Afranga

Available

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?

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