Time flies! It has already been one year since you can invest on Bondster into loans from the Bulgarian provider Stikcredit. On this occasion, Stikcredit will offer loans for 14 % p.a. with 1 %* cashback and the repayment term ranging from 3 months to 1 year.
Stikcredit just launched their corporate website accessible at stikcredit.com where investors in their loans can subscribe for their latest financial data and company information. You can also follow news from Stikcredit on twitter. In 2019, Stickredit is expected to double its turnover again. Its revenues are forecasted to increase to EUR 2.5 mil. this year, while in 2018 the Bulgarian provider reported revenues of EUR 1.2 mil. The company estimates a 50% increase in its pre-tax profit this year to EUR 1.5 mil. Stikcredit currently grants around EUR 1.8 mil. every month, which is 2.5 times more than last year. The Bulgarian provider has 80,000 registered customers. The company´s plans for 2020 include to further double the volume of issued loans and to expand into new markets – Albania, Kosovo and Northern Macedonia.
Stikcredit loans have been very popular on Bondster. Several tranches of their loans have been sold out in a few days or even within a few hours. Bondster has published more than 3500 loans of different maturities and our investors have already invested more than EUR 1 milion. The average maturity of published loans was 5.5 months. In terms of yield, Stikcredit is one of the most generous providers on Bondster with the average interest rate of 13.07 % p.a. It is also worth mentioning that although its loans are always offered with the buyback guarantee, an automatic buyback guarantee has never had to be applied.
* 1 % Cashback bonus will only be paid from the amount up to EUR 1000 of all your investments.