Monthly update september26
Some positive fact to mention in September is that all indonesian creditors (PYY, Restock and EIZ) were more or less in time with payments of interest. Not many deviations in the month except the ones that already sank deeply. No update of Nera ( of course) keeping up the misleading status.All loans are now classified as completed loans in your portfolio even the ones that mature coming January.
MFOfinance came with a new update since mid June. They are still restructuring with new owners (the same from 3 months ago or new owners??) Anyway they hold the record 'restructuring' being one year now. A bit ugly is the comment that they keep on paying but then it seems to be onlineKaz that is still paying so now and then. MFOfinance last paid in May and a negligible 2% of overdue amounts in August.
Dinerito holds the record of almost two years non stop in overdue since they missed the government payments due to Christmas 2024.
Then Mintos opened a new can of communication officers under the name Edge(!) in order to pamper your losses. Pretty useless as Mintos loans portfolio is a dying patient. In mid July 2025 the offer was 60.000 loans (€) with average 11,5% against 2-4 year. Currently it is 3000(in €) with average 9% for 4-5 years. Banks offer depositos of 5-6% now for the same 4-5 years.
For a good nights rest the choice between extreem high risk Mintos loans (all of them) and no risk for depositos, might become easy. Good luck for October everyone!
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This is the end of the road for Mintos. The Nera situation has shown that investing there makes no sense and that their communication with investors is dismissive. I feel like the bad guy just for asking questions and wanting to know what is going on. I absolutely disagree with how Mintos is handling things and believe they are failing to properly protect investors' interests. I have already reported the matter to the regulator—the Bank of Latvia (since there was supposed to be an improvement in transparent communication)—and it is time to file another complaint.
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