The net loan portfolio of IuteCredit Macedonia amounted to about 30.6 million euro at the end of March, up from 30.2 million euro at the end of 2023, IuteCredit said in an interim financial statement last week.
IuteCredit Macedonia's loan applications approval rate was 57.4% at the end of the first quarter of 2024, lower compared with 61.8% at the end of March 2023.
Tallinn-headquartered IuteCredit is a microcredit and fintech company offering unsecured consumer loans with maturities between 1 and 36 months and car-secured loans with a maturity of up to 60 months. It is offering installment loans, in which the principal, interest and other fees must be repaid monthly according to a mutually agreed schedule.
The company also operates in Bulgaria, Bosnia and Herzegovina, Moldova and Albania.
($ = 0.923 euro)