Afranga is a platform operated and maintained by Stik Credit JSC and Stik Credit JSC financial institutions that are regulated by the Bulgarian National Bank.
Afranga has a secondary market, where investors can place their investments in loans for sale to other Afranga investors.
This offers a possibility for a sale of a loan before its maturity and ensures additional liquidity for the investors.
All loans placed on Afranga marketplace come with a buyback obligation.
The buyback obligation is a credit enhancement given by the lending company or other entity of a lending company group to the investor for a particular loan.
If the loan defaults or is more than 60 days late, the lending company must buy back the investment at nominal value plus the accrued interest.
Afranga has an auto invest feature, that allows you to create automated investment strategies that automatically reinvest the interest earned.
Min 10 EUR investment
You can start investing in Afranga with as little as 10 EUR.