Spring is here and Mintos is in full bloom

Spring is here and looks like borrowers are coming back from winter with a vengeance

I am very happy to see the loan pool increasing significantly this last weeks,
only in the beginning of March we had less than 70k loans available and even the secondary market dropped a bit but now loans have surpassed 200k again

I guess folks are smelling the Spring air and deciding it is time to buy a new phone, a weekend getaway or maybe even a 1996 Mercedes 200D
Sometimes I think, hey maybe I just helped finance some guys diamond ring to his fiancé

Well I guess this are guys who don’t really care about paying interests of 200% or more because they are impulse buyers, I know them very well because I used to be like that too
I think the business model of Mintos Originators is designed for this kind of market and if you charge 200% interest for sure you can afford 20-30% default rates....
You send a few lawyer letters to a guy that missed a 200€ payment but after that you write it as a loss.

But to be honest I would be more comfortable if Originators could finance loans to the customers at more "reasonable" rates of 20, 30 or 40% and still manage to pay US 10-14%
And I do seek loans with the lower APRs to my risk tear level (If I want to apply 50 euros in Varks for example I will prefer to finance loans of 150% instead of 400% not that is much of a difference)

I'm very happy with Mintos so far and as soon as I heard about it, I immediate realized that this was indeed a great opportunity to earn money in a fun way
I read here about spreading your investment to other platforms like Twino, Robocash etc but to be honest I ONLY have Mintos as my P2P investments
Because the way I see it is that spreading to other platforms is not really reducing the risk but actually increasing it as other platforms seem smaller and weaker

I think that the only way Mintos could fail as a loan facilitator platform (I'm not talking about an individual Originator) is by mismanagement, greed of their owners
or if lenders that Mintos controls or partners with, contaminate the platform business with losses.

My greatest concern is not Mintos but more the governments and regulators that can get jealous and destroy the party
Already we hear about many legislations being put forward in some countries reducing the maximum interest rate that can be charged and other regulations
Don't forget that behind the government puppets are (still) POWERFULL banksters that see P2P lending as a catastrophic threat to their business
And I do expect strong lobbying as soon as P2P becomes bigger

Anyway this is my opinion here and so far so good, Mintos was the best thing that happened to my wallet in a very very long time

Cheers