Kazakhstan originator ahead of March plans by 130%
Kazakhstan originator fully restored its operational processes and demonstrated solid growth on key indicators in Q1.
- The issued principal reached 71% growth in Q1 2022 compared to Q1 2021.
- About 80% of customers request a second loan within 30 days. This indicator remains at a high level during 2021 and Q1 of 2022.
- Although the company focused on working with existing and repeat customers, the number of new users increased by 27% compared to Q4 2021
- The share of overdue loans is maintained at 10% FPD 60+, which indicates the high quality of borrowers and the company's portfolio.
“Albeit the beginning of the year was overshadowed by difficult events for the country and the market, our team managed to get out of the crisis quickly and maintain leadership in its segment. The increased interest of customers in the service and products of our company Robocash.kz is confirmed by the growth of key indicators. For example, in March 2022, the amount of loans received by Kazakhstanis in Robocash.kz is 20% more compared to December 2021.” - comments Almaz Torutaev, CEO of LLP MFO Robocash.kz.
“We also see how the market as a whole is growing. In February, the short-term loans market amounted to 28.7 billion tenge, and in March - to 38 billion tenge. That is, the increase was more than 30%. In this regard, our goal is not only to maintain our position in proportion to the market growth, but also to increase our share”.
On the Robocash platform, Robocash.kz offers commercial loans in partnership with RC Riga. By putting their funds into commercial loans, investors thereby finance the development of Kazakhstan's business.