P2P platform’s latest lure for investors: Kazakh consumer loans

By Ryan Weeks on 6th July 2017

P2P/Marketplace Lending

TWINO expands into Central Asia with loans for Kazakh consumers.

P2P platform’s latest lure for investors: Kazakh consumer loans

TWINO, a Latvian peer-to-peer lender, has become the first European peer-to-peer lender to expand into Kazakhstan.

The P2P platform has begun listing short-term loans through a Kazakhstan originator. These loans have a duration of one month and will offer an interest rate of 11 per cent per annum.

TWINO is a marketplace that sits above a whole host of originators, giving investors exposure to loans from eight countries. The company made headlines in December by branching out into Russia, thereby becoming the first European operator to offer exposure to Russian consumer debt.

TWINO uses a “buyback guarantee” to cover investors against losses, and this mechanism will also apply to its Kazakhstan loans. The platform is backstopped by TWINO Group (formerly known as Finabay), a self-funded holding company of short term lenders that has issued more than €440m in consumer loans to date.

The P2P site's buyback guarantee is funded by TWINO Group. Our past conversations with the firm would suggest that it will consider publishing some kind of coverage ratio metric in the future.

TWINO Group began originating loans in Kazakhstan in August 2016, and since then has issued over €2m in loans. But these loans had not been made available for investment via the P2P platform until now.

The P2P platform TWINO has facilitated over €150m of loans since its inception in 2015. It has over 9,000 active investors, of which around 12.5 per cent are based in the UK.

“The Kazakh market is a rapidly developing consumer lending environment,” said TWINO boss Jevgenijs Kazanins (pictured). “Our investors will have access to premium yields of around 11 per cent, along with all the protections offered by TWINO, including our BuyBack Guarantee.”

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