Esketit Review: Peer to Peer Lending

Esketit have expanded their investment options to include investing in the growth of their Jordan's loan originator - Money For Finance - through a business loan listed on the platform. This investment will be channeled through the mother company of Money For Finance, JMD Investments SIA, which is incorporated in Latvia.
Their new loans offer an interest rate of 12% and come with a buyback guarantee. They have two maturity options: 6 and 12 months, with the principal paid at the end of the term. Additionally, there are monthly interest payments.

Creamfinance will be implementing a new interest rate of 11% for all loans starting from 08.03. This is a decrease from the previous rate of 12%.

Automated investment strategies will now include loans with an 11% interest rate following this announcement starting on 08.03.

Creamfinance has recently reported a record-breaking profit for the year 2022 and will soon release audited statements. Additionally, the company is currently undergoing a rebranding process, and will soon be known as AvaFin.

Esketit expanded the investment options to include investing in the growth of the Jordan's loan originator - Money For Finance - through a business loan listed on the platform. This investment will be channeled through the mother company of Money For Finance, JMD Investments SIA, which is incorporated in Latvia.

The new loans offer an interest rate of 12% and come with a buyback guarantee. They have two maturity options: 6 and 12 months, with the principal paid at the end of the term. Additionally, there are monthly interest payments.

Creamfinance Group is the principal Esketit Platform partner. The Group currently operates in five lucrative markets, such as Spain, Mexico, Latvia, Czech Republic, and Poland.

Money for Finance offers small single-payment consumer loans up to EUR 700 with 30-day maturity, as well as installment loans up to EUR 2800 across physical branches in Jordan’s main cities and online. It is a top-quality fintech service

MoneyJo was created as a joint venture by the founders of consumer lending platform Creamfinance and P2P lender Esketit.

Money for Finance – also known as MoneyJo – was launched in Jordan in December 2020, and it has since become the most popular consumer loan provider in the country.

Latvia-based peer-to-peer lending platform Esketit has hailed the success of its consumer lending product in Jordan, and hinted that it may expand the brand.

The P2P lending platform Esketit has lowered the interest rates for its loans from Jordan to 12%.