Abele Finance is a lending company registered and operating under Latvian regulations. Founded with the goal of providing business loans within its group, the company also has ambitions to offer loans to unaffiliated companies in the future. To finance its expansion, Abele Finance has partnered with Nectaro since its inception and intends to continue this successful cooperation.
Previously, all loans originated by Abele Finance were categorized as "Latvia" loans, based on the loan originator's country of registration, as is standard practice in such cases. However, as Abele Finance grows and expands into new geographic markets, Nectaro believes that it would be more transparent and appropriate to categorize investment offerings based on the end borrower's country, rather than just the loan originator's.
Currently, the loans listed on Nectaro have been issued by Abele Finance to end borrowers in Cyprus. To comply with the new approach, these loans will be identified as originating from Cyprus. This change provides a more precise and transparent approach, reflecting the actual location of the end borrowers and offering greater clarity for our investors. It is important to note that this change solely relates to providing more information about the end borrower; Abele Finance remains a lending company registered and operating in Latvia. Abele Finance plans to add new borrowers in other countries in the future.
Current loans offered on the platform up until now have exclusively served borrowers in Cyprus. Going forward, we will be expanding to new markets, which will be reflected in the borrower country displayed on the platform.
This new approach offers a couple of advantages:
Enhanced Transparency: Directly linking investments to end borrowers’ country simplifies understanding and due diligence, fostering greater trust.
Greater Diversification: This move aligns with our platform's long-term vision for expansion, allowing our investors to access the different markets and benefit from greater diversification.
Ultimately, these changes are driven by Abele Finance desire to enhance transparency for investors, offer greater diversification opportunities, and position the company for continued international growth. Abele Finance aims to provide Nectaro investors with more informed and diverse investment options, while simultaneously fuelling its own expansion.
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