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Post by nesako on May 12, 2017 8:29:47 GMT
Tranche 3 Results, all loans 15 days in length, purchased 27.04.2017, maturing today:
Closed (Early) - 40%
Closed (On Time) - 23%
Delayed - 37%
So, in my personal experience, most loans will be repaid early - nothing surprising, these are payday loans after all!
Risk exposure - my current loan books shows that around 35% of loans will be Delayed and bought back.
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Post by sergeysedov on May 12, 2017 12:42:20 GMT
Can Robocash accept transfer via Transferwise? Hello Paul, I'm sorry, unfortunately at the moment we can't. We accept only bank transfers at the moment. Due to our bank internal policy. We are working hard to bypass this and accept Transferwise. Best regards!
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Post by sergeysedov on May 12, 2017 12:49:24 GMT
When are registrations going to open for corporate accounts? I remember April was target date. Hello Derwasser, Sorry to being late with answer, we've opened registrations for corporate accounts on April, 6. Sorry for inconvenience. Best regards!
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Post by sergeysedov on May 12, 2017 12:59:00 GMT
Tranche 3 Results, all loans 15 days in length, purchased 27.04.2017, maturing today: Closed (Early) - 40% Closed (On Time) - 23% Delayed - 37% So, in my personal experience, most loans will be repaid early - nothing surprising, these are payday loans after all! Risk exposure - my current loan books shows that around 35% of loans will be Delayed and bought back. Hello Nesako, Thank you for giving your feedback! Delayed means both "extended" and "overdue" loans, it doesn't show the exact default rate. Default rate for KZ is below 20%. KZ market is not mature and interest rates quite high, so they could handle such level of risk. Best regards.
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kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on May 12, 2017 13:07:29 GMT
Delayed means both "extended" and "overdue" loans, it doesn't show the exact default rate. Default rate for KZ is below 20%. I think it would be in your (and our) interests to separate these two states as other platforms do. Also useful would be to distinguish between the final states of "Paid" or "Buyback".
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Post by nesako on May 12, 2017 14:53:54 GMT
Tranche 3 Results, all loans 15 days in length, purchased 27.04.2017, maturing today: Closed (Early) - 40% Closed (On Time) - 23% Delayed - 37% So, in my personal experience, most loans will be repaid early - nothing surprising, these are payday loans after all! Risk exposure - my current loan books shows that around 35% of loans will be Delayed and bought back. Hello Nesako, Thank you for giving your feedback! Delayed means both "extended" and "overdue" loans, it doesn't show the exact default rate. Default rate for KZ is below 20%. KZ market is not mature and interest rates quite high, so they could handle such level of risk. Best regards. Thanks sergeysedov, I agree with the post above - I would also want to see extended being shown different to "overdue". More pressing matters: when can we expect Russian loans to be available for investment? Since ZAIMER.RU has passed the rating procedure by major Russian rating agency, I would feel safer investing in loans from this originator. If this is not coming anytime soon, we really would like to see some financial information for the ZAIMER.KZ business, since as the previous poster have mentioned, it is currently a "black box" and does not give much confidence to put larger amounts of money in. Thanks!
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Post by southseacompany on May 13, 2017 5:08:26 GMT
Sorry to being late with answer, we've opened registrations for corporate accounts on April, 6. Does the 10k maximum investment apply to corporate clients as well? And do you have plans to lift this limit for individuals any time soon?
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Post by robocashsupport on May 15, 2017 3:25:50 GMT
Hello, dear investors! Dmitry Balakhnin, Chief Brand Officer of "Robocash" Platform, spoke at the annual specialized conference for professional members of the microfinance market RISK Challenge Micro 2017 with a report on "Investor Relations. Robo.cash" and answered the questions of Atakem business channel about the experience of investments attraction, as well as about advantages and prospects of the "Robocash" Plaform. www.youtube.com/watch?v=xxl-DpAVxSg |
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Post by robocashsupport on May 15, 2017 6:26:43 GMT
Sorry to being late with answer, we've opened registrations for corporate accounts on April, 6. Does the 10k maximum investment apply to corporate clients as well? And do you have plans to lift this limit for individuals any time soon? Hello, southseacompany! Yes, this limit applies to legal entities as well. We hope to increase this limit in June. But we have it in our plans definetely.
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Post by robocashsupport on May 15, 2017 6:55:12 GMT
3 buybacks triggered today on schedule (end of the day on +30). It's a bit annoying that they just show up as paid on my statement and nothing to distinguish them as bought back. It will be difficult to work out % of buybacks as you have to cross reference with the loan listings. % of current loans still around 45% with rest late. Hello kulerucket! We're sorry for the late reply. It was a bug on the website, but we have already fixed it and everything must be ok now. We're planning to change a design of the loan table a bit and to make it more convenient for investors. It is already in a process.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on May 15, 2017 7:32:24 GMT
3 buybacks triggered today on schedule (end of the day on +30). It's a bit annoying that they just show up as paid on my statement and nothing to distinguish them as bought back. It will be difficult to work out % of buybacks as you have to cross reference with the loan listings. % of current loans still around 45% with rest late. Hello kulerucket! We're sorry for the late reply. It was a bug on the website, but we have already fixed it and everything must be ok now. We're planning to change a design of the loan table a bit and to make it more convenient for investors. It is already in a process. I don't see any difference in the statement. It still says "Paying interests for loan №23891" for a loan which was bought back, which is the same as repaid loans. Should this apply only to new loans or should it have been applied to the statement retrospectively?
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Post by robocashsupport on May 16, 2017 7:16:55 GMT
Hello kulerucket! We're sorry for the late reply. It was a bug on the website, but we have already fixed it and everything must be ok now. We're planning to change a design of the loan table a bit and to make it more convenient for investors. It is already in a process. I don't see any difference in the statement. It still says "Paying interests for loan №23891" for a loan which was bought back, which is the same as repaid loans. Should this apply only to new loans or should it have been applied to the statement retrospectively? The problem has been discussed in private. kulerucket, we thank you for your feedback.
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Post by robocashsupport on May 17, 2017 4:50:54 GMT
Hello Nesako, Thank you for giving your feedback! Delayed means both "extended" and "overdue" loans, it doesn't show the exact default rate. Default rate for KZ is below 20%. KZ market is not mature and interest rates quite high, so they could handle such level of risk. Best regards. Thanks sergeysedov , I agree with the post above - I would also want to see extended being shown different to "overdue". More pressing matters: when can we expect Russian loans to be available for investment? Since ZAIMER.RU has passed the rating procedure by major Russian rating agency, I would feel safer investing in loans from this originator. If this is not coming anytime soon, we really would like to see some financial information for the ZAIMER.KZ business, since as the previous poster have mentioned, it is currently a "black box" and does not give much confidence to put larger amounts of money in. Thanks! Hello Nesako, loans from Russia will be available in the third quarter of 2017. The financial statistics of ZAIMER.KZ is also in the drafting process. We will provide our investors with this information when it's ready. Thank you for your questions.
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Post by buttchopf23 on Jun 29, 2017 15:13:41 GMT
Robocash has raised more then one million eur since end of february and funded loans for more then 2 million eur (further info in this post - please note that my blog contains referral links). |
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Post by nesako on Jun 29, 2017 15:43:34 GMT
Robocash has raised more then one million eur since end of february and funded loans for more then 2 million eur (further info in this post - please note that my blog contains referral links). Hmm the loyalty investor bit, since all loans are 14%, I assume we are all currently getting "loyalty rates". I have a feeling once we pass 1000 investors, the rate will go down to 12% for new guys...
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