p40l0m4r
Member of DD Central
Posts: 63
Likes: 16
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Post by p40l0m4r on Feb 18, 2017 21:31:34 GMT
Many of the loans with payment scheduled in half of february are late.
It's no more possible to find georgian personal loans with rate above 12% and covered by buyback. All of the avaiable loans have an interest rate of 11%.
Personally, I'm not seeing good future for this type..
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Post by extremis on Feb 18, 2017 23:16:07 GMT
Well, there are several Georgian personal loans with 16% interest rate, but these are in GEL, not EUR. Then, of course, there is the currency risk. Also, supply of Georgian personal loans seems to be rather low these days.
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p40l0m4r
Member of DD Central
Posts: 63
Likes: 16
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Post by p40l0m4r on Feb 19, 2017 10:31:55 GMT
Well, there are several Georgian personal loans with 16% interest rate, but these are in GEL, not EUR. Then, of course, there is the currency risk. Also, supply of Georgian personal loans seems to be rather low these days. And soon the commissions for the exchange service will begin!
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Post by buttchopf23 on Feb 19, 2017 10:40:55 GMT
I have about 100 Lari for testing purposes, but that's it. I do not recommend investing in Lari because of the currency risk. Further, and as pointed out before, we do not know how much the fees will be. By the way, the assumption that currently there are no fees is wrong. The exchange rates don't seem to be the mid market rates.
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Feb 19, 2017 10:47:39 GMT
You can deposit GEL directly to mintos in case they start charging extra fees on exchange.
And once again, 10%+ for short duration buyback loans is a lot.
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Post by buttchopf23 on Feb 19, 2017 11:05:17 GMT
True, but not for free, at least not with transferwise (I don't know of alternatives). And what do I do with the Lari if I withdraw them? Exchange (with fees).
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Post by saraph on Feb 21, 2017 22:52:30 GMT
17% now. Since Euro is also a foreign currency for me, I really welcome these.
There's no incoming disaster in Georgia, right?
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Post by gmaxkenny on Feb 22, 2017 2:20:38 GMT
17% now. Since Euro is also a foreign currency for me, I really welcome these. There's no incoming disaster in Georgia, right? Not unless Vlad The Invader gets his tanks rolling again!
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Post by southseacompany on Feb 22, 2017 4:54:51 GMT
"Stock prices have reached what looks like a permanently high plateau." - Irving Fisher, October 1929 "It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of these Credit Default Swap transactions." - AIG, 2007 "Bear Sterns is fine. Don’t move your money from Bear, that’s just being silly." - Jim Cramer, March 2008 "There's no incoming disaster in Georgia, right?" - saraph, February 2017
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Post by saraph on Feb 22, 2017 10:17:30 GMT
EURGEL seriously dropped during 2008 after 5-day Russo-Georgian war, but it recovered pretty quickly. I don't see why not have 10-20% of Mintos portfolio in GEL.
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p40l0m4r
Member of DD Central
Posts: 63
Likes: 16
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Post by p40l0m4r on Feb 22, 2017 10:34:56 GMT
I'm still waiting the first georgian loan in Lari payed in time. And ... still the first georgian loan in Lari payed.
They're all covered by buyback, let's see.
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Post by bracknellboy on Jun 23, 2017 7:51:08 GMT
"Georgian" personal loans ? They must be VERY LATE in repaying. How much default interest has accrued on those.....
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Post by yorkshireman on Jun 23, 2017 10:03:51 GMT
17% now. Since Euro is also a foreign currency for me, I really welcome these. There's no incoming disaster in Georgia, right? Not unless Vlad The Invader gets his tanks rolling again! Unusually, for a head of state, Putin had to go through a customs check on arriving in Georgia at Tbilisi airport, the conversation went as follows: Customs officer: Occupation? Putin: No, just visiting.
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