Hot Summer News

Hello, dear friends!
Today we will tell you about Karma progress and our nearest goals.

Collaborations with Borrowers

We’ve had a big collaboration with Affex shoes company (fashion shoes production) in June. They've raised 5.000.000 RUB at the Karma platform to produce shoes according to their contract with the largest Russian marketplace, Ozon.ru. First investors got 23% yield and new shoes as a bonus.

Second interesting collaboration have been with European Express Credit (vehicles leasing), which have raised 3.000.000 RUB to buy new vehicles. The interest rate was 23%, but investors in first million got extra 2% to their annual yield and investors in second million got extra 1% from the amount of their investment. The loan maturity is 6 months.

Now there's a new attractive offer at the Karma platform from Izhevsky Boiler’s Plant (commercial boilers producer). Company is going to raise 5.000.000 RUB for the raw materials purchasing to produce water heating equipment. The loan maturity is 9 months.

Growing Business Metrics

The number of investors on the platform is growing rapidly and now became more than 2000 active users. The most important for us is that those new investors came after recommendations of their friends. Economy of trust looks like that.

Second import indicator for us is growing number of borrowers. Every week we have around 4–5 offers and going to enhance this amount to 6–10 companies in nearest time. We list only real working business and have strict automated scoring with 40+ different metrics. That’s why we are still keeping zero default level.

Cheers ^_^