Analysts of the P2P platform Robo.cash have studied the profile of its users investing in long-term loans. Based on the platform’s statistics, they have revealed that most often, loans issued for a period of 12 months are chosen by investors aged 28-37 (41.9%), the generation referred to as old millennials.
The second place among these users is taken by the age group from 38 to 47 years old (29.5%), and the third place – by investors aged 48-57 (12.9%). Less commonly such loans are preferred by users in age 18-27 (11.3%), 58-67 (3.1%) and 68 and older (1.3%). One of the possible reasons is that these age categories may include students and retirees who do not have regular income and thus are more interested in the liquidity of funds, which can be accessed at any time.
“Initially, our P2P platform Robo.cash was offering its users investments in short-term consumer loans only. One year after its launch, in 2018, we diversified the investment opportunities bringing installment loans from Kazakhstan. Last year, we added commercial loans from Vietnam for 180 days and from Singapore for 12 months. Today, 23% of our active users have invested in long-term loans at least one time. Interestingly, 82% of them have been investing with us for more than a year. This means that over time, these investors have seen the value of long-term opportunities and recognized the need to diversify the portfolio. Apparently, diversification is not the only benefit for them. With the growing demand for short-term loans, such investments have become a good alternative to keep the money working nonstop for a long time,” – commented Sergey Sedov, CEO of Robocash Group.