Yesterday Esketit started offering claim rights to loans from Jordan. These are consumer loans with 30-day maturity issued across five physical branches in Jordan’s biggest cities. Users will be able to earn 14% from those loans. 

Jordanian company Money for Finance, which was launched in 2020, provides top-quality fintech service compared to traditional banking, offering significantly higher time-to-money speed, less bureaucracy, more focus on customer and availability of its service to the underbanked population. The company issues loans from 20 to 600 EUR.

Who’s behind Money for Finance?

Money for Finance is owned by JMD Investments, a holding company registered in Latvia, and owned by the Founders of Esketit – Davis Barons and Matiss Ansviesulis. Davis’s and Matiss’s track record in Fintech is unparalleled: ever since they started out a little over ten years ago, all their endeavours have been wildly successful and they have zero defaults to date, besides, they’re big fans of the ‘skin in the game’ approach, meaning they keep a part of each loan in their books. The Founders of Esketit not only owns Money for Finance, but other loan originators on Esketit platform. 

Why Jordan?

  • Huge market potential
  • Favourable local consumer lending regulation
  • A large share of non-banking clients
  • High payment discipline results in a low default level 
  • Straightforward legal setup

Of course, Jordan isn’t a completely new market for Esketit users, as it was already available for business loans. However, it was not really promoted as this loan was already almost pre-subscribed by close members who had already put down funds in the founders` businesses before. For more information about Money for Finance, visit their website. 

Why purchase claim rights to loans?

Consumer and business loans offer a high annual return. With Esketit, the annual return is around 12-14%. This opportunity grants you access to a new asset class.

About Esketit

Esketit, owned by Creamfinance Group co-founders Matiss Ansviesulis and Davis Barons, has been operating since March 2021, with over 1.7 million EUR funded and more than 14k EUR paid to users in interest payments. Esketit offers purchasing claim rights to consumer and business loans in Jordan, Czechia, Sri Lanka, and Mexico. All of our loans come with a buyback obligation, and Creamfinance Group loans also come with a group guarantee as an extra security measure for our users.