My opinion on Kuetzal
Interest rates are great; however, investors should keep in mind that several projects aren’t covered by a buyback guarantee.
The loans amounts are rather large, but there aren’t many of them.
Statistics are currently very basics.
For selected projects, the capital is secured by a buyback guarantee after a 60 days delay.
The website is rather simple but pleasant to use.
Kuetzal’s pros & cons
- Kuetzal Care guarantee means that these projects will get funded
- Very interesting returns
- Minimal investment amount is €100 per project
- Not all projects are covered by the buyback guarantee
Overview of Kuetzal’s loans
All loans are in Euro, with durations between 12 months and 48 months. Most of them have fixed interest rates, ranging from 11% to 21%. Currently, there’s also one loan offering a 6% minimal interest, which can increase up to 15%; however, no detail is provided on the final interest rate computation. I’ve contacted Kuetzal regarding this, and they should update the FAQ to clarify this mechanism.
The amount financed varies greatly from one project to another, but most are at least €100 000. As of early March 2019, the total value of the available projects is around five million euros !
While the website provides an indication of the amount already financed, the deadline for the projects doesn’t appear anywhere.
Current loans mostly finance Latvian companies, although one of them is for a UK firm. The projects financed belong to various sectors :
- online payment solutions
- trailer and truck reseller
One interesting aspect is that projects covered by the Kuetzal Care feature (currently all of them) are guaranteed to be funded. Another advantage is that interests are computed from the day the investment is made; there’s no need to wait for complete funding.
Minimal investment amount per project is €100, identical to many competitors’s amount. However, the invested amount doesn’t have to be a multiple of €100, which is nice when it comes to re-investing interests.
Kuetzal‘s website regrettably provides few details on this essential aspect. The buyback guarantee is only available on selected projects (around half of them currently). It provides two main benefits :
- opportunity to sell your investment back to the platform (see Early exit below).
- guarantee to get your money back, 2 months after a default
Kuetzal doesn’t offer a secondary market. However, investments tham come with a buyback guarantee can be withdrawn from, although there’s a steep 10% associated fee. There’s a small bit of confusion regarding the name of this feature, it’s called Investment Return in the FAQ, and Buyback guarantee everywhere else in the website.
Currently, only manual investing is possible. I’m not fond of auto-invest for business projects anyway; moreover, the small number of available projects makes it easy to invest manually. New projects are announced by e-mail, and sometimes on Kuetzal‘s Facebook page.
Website’s ease of use
English, Spanish, German
Available languages & translations quality
In addition to the English translation, Kuetzal‘s website is also available in German and Spanish. Apart from a few typos that will get corrected, the English translation is great.
Registering with Kuetzal is very quick and easy. There’s no KYC (Know Your Costumer) procedure for now, so investors don’t even need to upload a copy of their id.
The only way to fund your account is through a SEPA transfer. For some reason, two bank accounts numbers are displayed, but only one is to be used; this is a bit confusing.
There was a slight delay in processing my deposit, but it was probably due to Christmas holidays.
Website’s design and ergonomics
The reporting for investments is simple, but features a useful repayment schedule. Unfortunately, the statistics page doesn’t work.
Actual performance of my Kuetzal portfolio
Performance for new portfolios takes some time to build up, and the same holds for my Kuetzal portfolio. Indeed, in early March 2019, my XIRR was only 13.55%, as my most recent investments didn’t yield interests yet. However, as I only invested in projects yielding at least 15%, I expect my performance to be similar to my Envestio or Crowdestor portfolios, around 16-17%.
In addition, Grupeer offers real-estate and business loans with a buyback guarantee. The lower returns are the price to pay for the buyback guarantee – but interest rates reaching 14%, it’s hard to complain ! -. Investors who want to start investing in loans other than individual loans should start there, before trying their hand at non-guaranteed loans.
For non-guaranteed loans, CrowdEstate‘s returns are usually lower, but this platform has been around for a long time, which gives them a lot of credibility. Envestio‘s projects are the most speculative; I really appreciate the dynamism of this platform which features many new loans frequently. They also provide a partial buyback guarantee, which is better than none !
At the same time, Kuetzal and Crowdestor are obviously also excellent choices; their projects offer great returns and provide an opportunity to diversify your portfolio. It’s always great to have more choice, and I’m thrilled to have new investment opportunities thanks to Kuetzal !
Kuetzal’s facts and figures
As of March 2019
Who can invest
There are no geographical and nationality restrictions to become an investor at Kuetzal. As a general practice, we do not accept investors as well as projects related to, or coming from blacklist countries.Kuetzal FAQ
This Spring every new Kuetzal investor has a chance to increase portfolio by 10€. Getting your bonus is very easy: simply fill the promocode section with phrase “SPRING2019” while registering and you will find 10€ as a bonus from Kuetzal on your account.
This promotion is for users who are not yet registered on Kuetzal, and is valid until May, 31st 2019.
Please note that this review may contain affiliate links. It means that I will earn a commission if you decide to invest after clicking through the link – at no additional cost to you, of course -. Please understand that I have experienced all of these companies, and I recommend them because they are helpful and useful, not because of the commissions I make if you decide to invest through my links.