TWINO, the peer-to-peer lending platform, has begun short-term loans via its Kazakhstan originator.
Kazakhstan represents the sixth country listed on the peer-to-peer lender’s platform and the first time a European peer-to-peer lender has expanded to central Asia.
The Kazakh loans have a one month duration and a return rate of 11% per annum, and the loans will be covered by TWINO’s industry leading BuyBack Guarantee which protects from borrower default risk.
Jevgenijs Kazanins, peer-to-peer platform lead at TWINO, said: “The expansion to Kazakhstan is a hugely important milestone for us and we’re proud to be the first European peer-to-peer platform to expand to Central Asia.”
The platform is listing loans across a number of European countries including Spain, Russia and Poland, averaging a return of around 12%.
TWINO also has more than 9000 active investors from the UK.