Is Lending In South Africa Worth It? âïž Interview With The MD Of LIME Credit SA - Jaco Coetzee
VloĆŸit
- Äas pĆidĂĄn 29. 07. 2024
- đ Bondster Review đ p2pempire.com/en/review/bondster
What is the lending market like in South Africa? In this P2P talk, we speak with Jaco Coetzee, the Managing Director of LIME Credit South Africa to find out more about the lending market, including regulations, competition, and the impact of Covid, to help you figure out if lending in South Africa is worth it.
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00:00 Teaser
00:28 Intro
00:59 Introduction to LIME Credit
01:37 What is your demographic?
01:56 Are the loans repaid within one installment?
02:57 How do you see COVID-19 impacting loan originations in Africa?
04:11 Is there a new wave of the virus spreading in South Africa currently?
04:46 What is the competitive market like in the lending market in South Africa?
06:02 What type of requirements does LIME Credit need to fulfill in order to remain regulated?
07:16 What is the interest cap on the loans in South Africa in your sector?
07:55 Is this the normal interest rate without additional fees?
08:45 What is the Debit Check system?
10:39 How does the system work in real life, in regards to defaults?
11:22 Why did LIME Credit have funds in recovery on Bondster, when a 60-day buyback guarantee was offered?
12:58 How are the loans funded?
13:21 Why are the financial reports not available?
13:54 Was LIME Credit profitable last year?
14:09 Will the financial reports be audited?
14:17 How will you finance the loans with your plan to double the loan originations in 2022?
15:28 Can we expect higher loan books on platforms such as Bondster?
15:52 What is the difference between the South African market versus other African regions?
17:54 Is the South African market is the most developed within Africa?
18:39 What do you think of the future of the Fintech space in Africa?
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What's your impression from our talk about the lending market in South Africa? đ
Thank you Jaco for great your experience information on lending platform
You need to research and make a video about Hodlnaut and Ledn
What do you think about Russian's and Ukrainian's situation on board, could it effect loans from these countries? I think its bigger risk loans at the moment nobody knows what could happen.
So far my portfolio in those countries performs as expected. We had a talk with TWINO about Russia, which you can watch here: czcams.com/video/B6-OgFEcTck/video.html Robocash is also making decent profits in Russia (although they don't fund much of their the loan book with P2P investors). PeerBerry lists a lot of loans from Ukraine and so far they have delivered consistently good returns.
@@P2PEmpire that video was made 7 months ago , i think situation at the moment much more diferent than then.
@@Sukayoutubas I closed all loans from Russia and ukraine due possible war escalation. Dont know if its right but Iam afraid about my 10k.