For people with idle dollars.
These are the terms of the first cycle and how you get in.
01
Three things up front
40% of the interest on every instalment is ours
Of the interest the business pays, 60% is your return and 40% is Finnoba's commission for originating, verifying and administering the loan. You see it broken out on every instalment, not just in the total.
You are the creditor, not Finnoba
The loan contract is between the lender and the business. Finnoba acts as agent: it originates, verifies, administers and collects, but it is not party to the loan and not the creditor of the debt.
We put up no capital of our own to cover defaults
Finnoba does not commit its own capital to cover defaults, and guarantees neither your capital nor your return. Credit risk sits with the lender — and that is why the return is what it is.
02
First cycle terms
| Minimum per loan | $100 |
|---|---|
| Suggested maximum | $10,000 per cycle |
| Who we lend to | Peruvian exporters paid in dollars |
| How long it lasts | 2 to 6 months, depending on the loans you're in |
| How it's assigned | Automatic, in order of arrival. You don't pick loans |
| Most that goes into one loan | 10% of your deposit, at most |
| When you collect | Capital and return at each loan's maturity |
| Leaving early | No. Capital is committed until maturity |
| Finnoba's commission | 40% of the interest on every instalment. The other 60% is yours |
| Who the creditor is | You. Finnoba administers, but is not party to the loan |
| Uninvested cash | Earns nothing. Only capital actually lent earns a return |
03
How an instalment splits
An example Level 1 loan: $500 over 2 months. This is how the interest on each instalment splits between your return and our commission.
| Instalment | Interest the business pays | Finnoba commission (40%) | Your share (60%) |
|---|---|---|---|
| Instalment 1 | $25.00 | $10.00 | $15.00 |
| Instalment 2 | $12.50 | $5.00 | $7.50 |
| Total | $37.50 | $15.00 | $22.50 |
Capital ($500) comes back to you in full on top of that figure. Interest is charged on the balance the business still owes, not on the original amount. The example assumes it repays in full: if it doesn't, there is no interest to split and the capital doesn't come back either.
04
What your money funds
Small, short loans to Peruvian exporters. Nobody walks in asking for the maximum: everyone starts at $500 and only moves up once they've repaid in full. That keeps what any one business can cost you contained, and means that by the time someone reaches $15,000 they have four repaid loans behind them.
Level 1
$500
2 months
Level 2
$1,200
3 months
Level 3
$3,000
4 months
Level 4
$7,000
4 months
Level 5
$15,000
6 months
05
Who this is for and who it isn't
The pilot is private and meant for people who understand that lending money carries risk, who can leave it working for the full cycle and who won't need it before then.
Who this is for
- You have idle dollars you won't need over the coming months
- You want a better return than a term deposit and accept more risk for it
- You understand a loan may not come back
- You'd rather your money financed real businesses than an abstract instrument
Who this is NOT for
- You need to be able to withdraw everything before the term
- You're looking for a guaranteed return
- It's money you can't afford to lose
06
How you get in
- 1You get in touch and reserve your seat
- 2We talk for 20 minutes: we walk you through the detail and answer your questions
- 3We verify your identity and the source of your funds, and screen you against international sanctions lists. It's mandatory and we skip it for no one
- 4We sign the terms and send you the transfer details
- 5Your money is spread automatically across the loans in the first cycle, in order of arrival, and we confirm your first payment date