|Number of employees:||226|
|Type of loan:||PDL|
|Loan size:||up to 132 550 KZT|
|Loan maturity:||up to 45 days|
|Interest rate for investors:||11-12.7%|
About the creditor
LLP MFI TEZ FINANCE started its work in October 2014. The company is registered as a microfinance institution in the National Bank of the Republic of Kazakhstan. Its main product is PDL loans in the amount of up to 330 euro with the maturity period of up to 45 days.
Model of operation
Each loan is assigned to the relevant final Borrower and is secured by the rights of the LLP MFI TEZ FINANCE to the Borrower under the Consumer loan agreement. According to the Assignment Agreement, ROBOCASH is authorized to service the claims, accept payments arising from the Consumer loan agreement, which LLP MFI TEZ FINANCE receives from the Borrower and transfers to the account on the platform ROBOCASH, and pay them to the User in the order and amount stipulated in the Assignment Agreement. The principal amount of the consumer loan received by LLP MFI TEZ FINANCE from the Borrower and transferred to the account on the platform ROBOCASH is simultaneously paid to the User in proportion to the amount of the acquired right of claim against the specific Borrower in full together with the accrued interest.
When repayment of the consumer loan is delayed for more than 30 calendar days, LLP MFI TEZ FINANCE buys out the right of claim of the User of ROBOCASH in full with the simultaneous payment of the accrued interest.