Default rates at Mintos marketplace

Default rates at Mintos marketplace





It is always important to understand basic principles of how P2P marketplace selects assets for listing as its quality is the key factor for consistent profitability for every investor.

Check these procedures at Mintos:

Agricultural Loans

Currently represented only by AgroCredit, Latvia:

Loans originated: EUR 0.38 mio,

Default rate: 0%,

60+ days late: 0%,

Average Annual Yield: 7.1%



Business Loans

Represented by:

Aforti (Poland): EUR 3.5 mio,

Capitalia (Estonia, Latvia, Lithuania): EUR 6.5 mio,

Mano Unija (Lithuania): EUR 0.1 mio,

Loans stats:

Loans originated: EUR 10.1 mio,

Default rate: EUR 0.05 mio; (1.2%)​

Capitalia loans in Lithuania without Buyback guarantee went into default.

60+ days late: EUR 0.14 mio; (3.1%),

​Capitalia loans in Lithuania, Estonia and Latvia fell into this category.

Average Annual Yield: 12.1%



Invoice Financing

Represented by:

Debifo (Lithuania): EUR 6.0 mio,

Capitalia (Estonia, Latvia, Lithuania): EUR 4.2 mio,

PangMaoBao (China): EUR 5.4 mio,

Loans stats:

Loans originated: EUR 15.6 mio,

Default rate: EUR 0.02 mio; (0.1%)​

Capitalia loans in Lithuania, Estonia and Latvia without Buyback guarantee went into default.

60+ days late: EUR 0.06 mio; (0.4%),

​Capitalia loans in Lithuania, Estonia and Latvia as well as Debifo (Lithuania) fell into this category.
more here at p2port.com/en/blog/40-default-rates-at-mintos-marketplace.html

What are the default rate percentages based on? 

- The calculation used here is very simple: 

We have 100 USD of issued loans (total sum)

95 USD sum of issued loans were repaid (or are still being serviced) back to the investors (95 + interests)

5 USD sum of issued loans have stopped to pay interests (no repayment even after 60 days period). In these case they are classified as Defaulted*

* We do not take into account a number of loan receivers but only an absolute amount in currencies. So there is no difference whether these 5 USD were issued to 1 or 10 borrowers.

In our analysis we would assign it as a 5% default rate.


Please take into consideration that all the figures used in our analysis at p2port.com/en/blog/40-default-rates-at-mintos-marketplace.html are taken from official Mintos statistics. As per the Mintos statistics a loan is recognized as a defaulted loan only after some time (post 60 days) of actual interruption of servicing interests on this loan.

Hope it is clear now. Pls ask more questions if needed. Let's analyze it together!