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RUB pending payment

Komentáře

Komentáře: 66

  • MP

    I can't imagine that due to the fact, that russian lending companies could not transfer money as they used to, they hold them and do not use them. I hope no one in Mintos company is so naive. Since they are possessing that money I would even understand pending payment interest won't be taken, but letting them have this money for 0% of interest for an unknown period is an example of being not serious to investors. Who made this decision? Any document available?

    Also, the way investors are informed about the progress of transferring rubbles is so unclear, that it rather looks like whitewashing, but definitely not behavior that builds trust. Why don't you share any plan with clear deadlines and goals? You had no such issues with informing about notes. I don't even know what would be a rate for an exchange (start date of the war or the date of the exchange?).

    5
  • JH

    Dear Annija,

    For KVIKU it is allowed to transfer monthly money (10 Mio Rubel) to Europe.
    IUVO received rubel payments from KVIKU.
    TWINO receives payments from Russia since month and transfers this money to the investors.

    Where is the problem for Mintos to receive money like other companies do?

    Best regards

    JH

    5
  • DW

    "these companies are not benefitting from holding the money"
    might be the dumbest statement I have ever heard. Damn, I can share you my bank details if you don't see benefits in holding money.

    Even normal deposit accounts in Russia still pay about 10% currently. Not to mention, some excuses will follow that we can only get 50% back through some "alternative route". Who gets what cut will not be disclosed of course.

    4
  • JH

    This question is still open!

    "Pending payment interest won't be charged from the Russian and Ukrainian lending companies, as the limitation to transfer funds timely is beyond the control of the companies listed. "

    Please provide a link where this rule is shown in a document which has a timestamp before the placement date of the russian loans where payments are late.

    Dear Annija,

    I know all these documents.
    Could you please read my request carefully and post the link to the requested document.

    Thank you!

    4
  • DW

    Ah you see, there is a BIG difference between what Mintos promises and what Mintos actually delivers. All this 'regulation' stuff only concerns notes that they don't even offer yet. (Maybe they do, halted all my investments here, so wouldn't know for sure). When it comes to the older claims, everything is up in the air, and from what I've seen the last couple of months, I'm not holding my breath. Mintos is the only p2p provider out of 6-7 where I'm actively reducing my exposure. Should tell you enough.

    Anyway, back to my original point: the document you are asking for does not exist.

    3
  • Fjvera

    Another crowdlending platform that is making payments from Russia and Ukraine is PEERBERRY.

    Why hasn't MINTOS made payments from Russia and Ukraine?

    MINTOS is not taking care of its investors and without investors MINTOS is nothing.

    If in August no payment has been made I will start withdrawing all my money.

    Mintos is becoming a platform that investors cannot trust.

    3
  • JH

    Explanation:
    If Kviku holds late payments on their bank account which person or company receives the interest which the bank is paying to the owner of the bank account?

    3
  • Lucja (Mintos), 

    Unfortunately your update adds nothing new to the thread. We know as much as before.

    3
  • JH

    Dear Lucija,

    investors expect valuable and concrete answers.
    We do not need links which have no valuable contend for the questions.

    Please ask Kviku if they received interest since February from banks or other sources based on investors money. The amount of interest Kviku received has to be published here, too. The answer shall be posted here in original english version. Until when can we expect this written statement?

    Best regards

    JH

    3
  • JH

    Dear Annija,

    "Pending payment interest won't be charged from the Russian and Ukrainian lending companies, as the limitation to transfer funds timely is beyond the control of the companies listed. "

    Please provide a link where this rule is shown in a document which has a timestamp before the placement date of the russian loans where payments are late.

    2
  • JH

    Dear Annija,

    I know all these documents.
    Could you please read my request carefully and post the link to the requested document.

    Thank you!

    2
  • DW

    Documents don't exist, because they make things up where it suits them.

    2
  • DW

    hahaha that's very optimistic of you. There is absolutely no reason why we should not receive interest on pending payments (from Russia), yet that is exactly what is happening here. Don't know why it is my problem that the Russian government will not allow transfers over 10M RUB, yet I receive no interest on my money the Russian lending company is STILL borrowing. Blabla "alternative payment routes", all fine and dandy, but Mintos has no business cancelling the interest accumulation, yet they unilaterally decided to do so. (Of course Mintos already took their profit when the claims were filled before the war, so why care?) Regulated hahaha.. Maybe it gets a bit better when notes are introduced, but it will not be with my investments.

    2
  • JH

    You always forget one important detail. Mintos is an EU company. Why are you supporting russian companies? Russia caused the payment problem, not the EU. The interest of EU investors shall have first priority. Another point you always oversee. Investors have no influence into the situation, too. This means the rules at contract date are valid in any case.
    Please confirm.

    2
  • JH

    Dear Annija,

    These links are quite old. 
    I read them all.
    Mintos promised weekly updates. Where are these updates?

    There is no answer for my clear question's.

    "You always forget one important detail. Mintos is an EU company. Why are you supporting russian companies? Russia caused the payment problem, not the EU. The interest of EU investors shall have first priority. Another point you always oversee. Investors have no influence into the situation, too. This means the rules at the contract date are valid in any case.
    Please confirm."

    Best regards

    JH

    2
  • I think the way that Mintos is currently handling the situation is incorrect. I have a few questions about this handling of pending payments regarding the matter therefore.

    Why do you not recover 10 Mio Rubel each calendar month since there has been 0 recoveries since the start?

    Why do you charge the costs of payments for a russia route to investors?

    Why do you not charge pending payment interest since the loan agreement has been breached? Since Mintos is a regulated financial market place it needs to not just handle in the best interest of the lending companies, but also in the interest of the investors first!

    2
  • JH

    Dear Annija,

    I  still wait for the requested link.

    “Dear Annija,

    I know all these documents.
    Could you please read my request carefully and post the link to the requested document.

    Thank you!“

    2
  • Fjvera

    Today, PEERBERRY platform has made another payment of loans withheld from Ukraine and Russia due to the war.

    However, MINTOS continues without repaying the loans affected by the war in Ukraine and Russia.

    One platform has sought solutions for its investors and another has forgotten them.

    2
  • Christopher

    Hello Lucia. Has any Russian LO, apart from REVO, agreed to pay off its debt? It's been 8 months now and I still haven't received a cent from my 3 million investment. in Russia . These companies are constantly dealing with our money and making money on it.

    2
  • JH

    Which company/person receives the bank interest of late payments or loans in recovery?

    2
  • JH

    Dear Lucja,

    please explain in detail why there is no interest for loans in recovery.

    Best regards

    Jochen

    2
  • JH

    This question is still open:

    Which company/person receives the bank interest of late payments or loans in recovery?

    2
  • Lucja (Mintos), we are waiting for update. 
    Can a loan company set up a daughter company / partner company to bypass the limits? Kviku is a large, global company, also in Europe! why is it not possible to transfer capital from a branch from Russia to a branch in Europe? Lack of funds? Ask because, according to the information on the Kvik website, in 2023 they will start in Vietnam and Indonesia. Impossible.

    Next, JH is asking a lot of times. 

    You pretend you don't see the question?

    It is simple: What is going on with our funds? Are they on an interest-paid account, or maybe the company trades them?

    2
  • MaK

    Dear Mintos-Team,

    it is clear that lending companies from Russia can't transfer Rub or Euro to the EU.

    However why I can not reinvest into loans from russia maybe from the same lending company to earn money during war - do they don't forward their business? They need only my approval...

    Where are the Rub stored, on the account of the company or on an account of a thrusted company? Who will check that the lending companies don't make still business with the money of investors and maybe lost them?

    Why are other P2P companies able to transfer money back from russian lending companies but Mintos not?

    I think for nobody is the actual situation nice, but I think if Mintos and Russian leding companies are more motivated, they could find a better solution for the investors, mintos and the russian lending companies. Actually Mintos tell us they are searching for new ways to transfer some money... but what has Mintos reached approximate after 1 year... quite less...

    Maybe a new start is needed to find better solution for the situation, because the actual way of Mintos is very ineffective and doesn't help investors, russian lending companies or Mintos to make money...

    kind regards...

    2
  • Paweł Andrzej Lechowicz

    @Lucja, As i see you are active in other threads. Did you mention regular updates?
    I think it is necessary to change the community manager. Lucja and Annija are not credible.

    The last RUB transaction on my account is from June. Why does companies not transfer RUB 10 million every month.
    Peerbery pays every month.
    Other question for the community.
    Only active investors care about recovering RUB? Where are you ? This is our money!

    2
  • Thomas Breuer

    (1)
    On my account, I see that pending payment of Revo was few times reduced. However, in monthly overview in Mintos app, I do not see any received interests (not a single cent) coming from Revo during the last months. Checking your latest update from November ( https://assets.mintos.com/01310ADD-D548-93F8-92BB-22D4AB108EC2.xlsx ), we see that Revo has done some payments for principal recovery, however no interests have been transferred. How is it possible? Have we lent money for free? I mean, due to war limitations, they hold the money for many additional months without any additional interests, whereas they could be able to re-invest that money in meantime in Russian market for own interests. And now, they do not even pay the regular interests for original borrow.

    (2)
    In latest update from 10 November 2022 ( https://www.mintos.com/blog/russia-ukraine-war-impact-update-swift-ban-rub-plunge-pausing-listing-new-loans-from-belarus-and-more/ ), you wrote: “Kviku: We’re in the process of negotiating a repayment agreement. As the company has a substantial exposure, it is working on an agreement with the Central Bank of Russia to make larger payments than RUB 10m per month.”
    However, where are the monthly payments about of RUB 10m up to now. It’s nice to hear that they do their best to find a way to make larger payments more than RUB 10m per month. However, does it make any sense, as long as they are already not able to transfer RUB 10m per month or as long as they do not really want? Why don’t they utilize fully the limit by governments. In your latest update about recovery in October (https://assets.mintos.com/E8AD47E2-8D26-BDBD-D772-F4D4BD40BA9E.pdf), you show that they have transferred ONLY RUB 5985. So, let us realize: RUB 5985 is much much much much much less than RUB 10m. Where is the rest?
    Checking your updates for previous months (e.g recovery in June, July, August, September), we see that Kviku has paid back NOTHING.
    Your update about that they try to pay more than RUB 10m does not make any sense as long as they already do not really want to pay more. Even dupliation / triplication of zero RUB still means zero RUB. That's a bad and saddening joke.
    The same is true for several other affected companies. Why don’t they utilize fully the limit of RUB 10m per month?

    2
  • Thomas Breuer

    @Lucja

    Thank you for your reply. I do not understand two points:

    • We know there is war. However, e.g. Kviku is allowed to transfer RUB 10m per month. There is no other restriction, why they couldn’t pay back that amount of money monthly. So: what is the exact reason, why they do not fully utilize the limit by governments, if there is no restriction by any government?

    In your latest update about recovery in October (https://assets.mintos.com/E8AD47E2-8D26-BDBD-D772-F4D4BD40BA9E.pdf), you show that they have transferred ONLY RUB 5985. So, let us realize: RUB 5985 is much much much much much less than RUB 10m. Where is the rest?
    Checking your updates for previous months (e.g recovery in June, July, August, September), we see that Kviku has paid back NOTHING.

    What is the problem that we do not see monthly payback about RUB 10m by Kviku and other candidates?

    I mean: up to now, nobody has mentioned that Kviku etc. has a general problem with paying money (excluding the above transfer limitation, which is obviously not the present reason).

     

    • You said: “In all recovery cases, the main focus is to get back the principle.” I understand that is true for normal reason, in case of financial difficulties (e.g. caused by insolvency/bankrupt). However, we all know in case of RUB companies (e.g. Revo) the situation is different. There is no inability to pay due to missing money. Revo has got all the money (our principal and our interest). In principle, they are able to pay back everything. The only problem is the monthly limited money transfer. Therefore, I cannot follow your conclusion that your focus is just on principal and that you do not care about that they do no transfer interest. For them it would not matter if they use RUB 10m only for paying back principal or for principal + interest (since they have all the money). You never mentioned that there is any other issue e.g. insolvency. Up to know, you mentioned only the transfer limitation by government. Therefore, there is no reason, why they should not pay the interest. In that situation nobody would accept that we lend money for free as long as they have got principal and interest to transfer to Mintos. Furthermore, they still could invest our money to earn new interest for their own since couple of months.
    2
  • MP

    Hello,

    I've just received small interest (~7k RUB) of pending payments from IDF EURASIA Kazakhstan. I thought receiving payments in RUB is prohibited, but it's so nice to have it on Mintos account. How can I exchange it?

    2
  • JH

    This document does not answer the question.
    Why is it so difficult to provide answers for the questions?
    Please provide a clear answer!

    1
  • JH

    What you say is wrong.
    If you look into the homepage there is clearly stated that Mintos is a regulated company where investors have first priority. I am sure that Mintos will clarify the open points in our interest.

    1

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