Investment opportunities offered on Mintos are based on the following types of assets:
- Agricultural loans
These are loans issued to individual farmers and enterprises in the agricultural sector usually used to cover their operating capital needs. They are often secured by grain sale contracts as collateral.
- Business loans
These are loans issued to small and medium enterprises. They can be both unsecured and secured, for example by car stock as collateral.
- Car loans
These are loans issued to individuals and businesses to cover the purchase of a new vehicle. They are usually secured, with the vehicle serving as collateral. This type also includes motorcycle loans, popular in Africa and other developing regions.
- Car rentals
These are rental agreements based on which renters can use cars owned by the rental company for an agreed amount of time. Some rental companies also provide renters with an option to buy out the vehicle at any point (also known as rent-to-buy). Investors earn returns from the cash flows of these rental agreements.
- Invoice financing
This loan type, also known as factoring, provides financing to businesses based on receivables from outstanding invoices and helps them expand by unlocking working capital.
- Mortgage loans
These are loans issued to individuals and businesses to cover the purchase of real estate. They are usually secured, with the property serving as collateral. They are also known as home equity loans.
- Pawnbroking loans
These are secured loans that use personal property as collateral.
- Personal loans
These are unsecured loans issued to consumers with a term of more than 31 days (usually starting at three months) and repayments in multiple installments. They are also commonly known in the industry as “installment loans” or “consumer loans.”
- Short-term loans
These are unsecured loans issued to consumers with a duration of up to 31 days and with repayments generally made in a single installment. These loans are also commonly known in the non-bank lending industry as “payday loans,” “single payment loans” or “micro loans”.
- Forward Flow
A Forward Flow agreement represents a commitment to invest in a set of pre-agreed underlying loans, at a predetermined rate for a set period of time. For the duration of the Forward Flow agreement, investors receive weekly interest payments based on the performance of the underlying loans. The principal is paid back when the Forward Flow matures. The underlying loans can have any loan type mentioned above. Investments in Forward Flows were only available by means of assignment agreements until 30 June 2022. Learn more