Loan originator Dinerito Audaz joins Mintos marketplace.

Do you want more investment opportunities from Mexico? Look no further, as there is now even more loans for you to invest in on Mintos, as Dinerito Audaz has launched on the marketplace with its personal loans.

Dinerito Audaz was established in 2011. The company grants loans to public sector officials through payroll discount payment mechanisms. With the registered trademark of Dineritoxtra, the company has an increasingly solid and differentiated presence in the Mexican alternative finance market. Since its inception, Dinerito has managed to attract 11,546 clients.

As of October 2019 the company has disbursed a total of 5425 loans worth EUR 12.4 million. The average loan issued by the company is worth around EUR 2,278. On Mintos, Dinerito has a Mintos Rating of B-.

Dinerito Audaz issues its loans either to current or retired public sector workers. When issuing a loan, the company identifies the client, through channels such as payroll receipts, bank statements, proof of address and more, in addition to verification conducted through external institutional portals.

“DineritoXtra´s motivation starts with the idea of joining one of the best marketplaces for loans in the world and also to innovate further in our funding method. We are also excited to work with Mintos and find people interested in investing in our loans,” says Paul Bustos CEO of DineritoXtra.

Dinerito on Mintos

Dinerito Audaz now places its Mexico-issued personal loans listed in the Euro (EUR) currency. The average personal loan is EUR 2,278, with a maturity of 34 months. You can expect a net annual return of 11%.

All of Dinerito’s Audaz loans on Mintos are secured with a buyback guarantee and will be bought back by the company if they become delinquent for more than 60 days. In addition, the company will maintain 10% of each loan placed on the marketplace on its balance sheet.

As of the end of September 2019, Dinerito had a net portfolio of EUR 10.4 million. Compared to the company’s net loan portfolio of 2018, the portfolio has increased by 20%.