Ecofinance, operating under the CreditPrime brand in Romania and Moldova, has reported significant portfolio growth in Q2 2024. As part of our commitment to transparency, we believe it is important to share key metrics and achievements to instill confidence in the investment opportunities offered by Ecofinance, a key partner of the Nectaro investment platform.
In Romania, the portfolio increased by 32%, while Moldova saw a 20% rise. The company introduced product upgrades, including equal payment adjustments throughout the repayment term.
Rucsandra Larisa Stanciu, Group CEO of Ecofinance, stated: “Our continuous growth highlights the demand for a reliable financial partner. We aim to meet and exceed client expectations by leveraging advanced technologies and maintaining a customer-centric approach.”
Rapid growth for repeat loans in Moldova
Ecofinance experienced a 44% increase in loan issuances in Moldova, with returning clients' loans growing by 76.3%. Average repeat loans rose by 36%, and withdrawals increased by nearly 48%, reflecting enhanced customer engagement.
Issued volumes keep rising in Romania
In Romania, Ecofinance reported a 25% rise in issued volumes and an 9% increase in new loans. Loans for returning clients grew by 19%, and withdrawals rose by 8%.
Demographically, for both countries, the most represented age group is 20-29, followed by 30-39, with male clients outnumbering females by over 50%.
Even more investment opportunities for Nectaro investors
Ecofinance's impressive growth in both Romania and Moldova underscores its commitment to innovation and customer satisfaction. Their strategic focus on product upgrades and customer engagement has resulted in significant increases in portfolio growth, repeat loans, and withdrawals. This growth also promises more opportunities for Nectaro investors to invest and boost their wealth.
For more information about Ecofinance, you can find the press release here.
*All data are year-on-year figures.