Frequently asked questions.
What everyone asks before joining.
01
About your money
What's the minimum and when do I get paid?
You join from $100 a loan. A $500 loan is assembled by several people, which is why the minimum is low. You don't pick which loans you're in: assignment is automatic and in order of arrival, and no single loan takes more than 10% of what you put in. You collect at maturity: once the business finishes repaying you get your capital back along with what it earned.
What does Finnoba charge?
40% of the interest on every instalment. The other 60% is your return. We charge for originating, verifying and administering the loan, and you see it broken out instalment by instalment in each loan's detail, not just in the total. Any other charge would have to be in the individual contract before you sign; today there is none.
Who is the creditor on my loan?
You are. The loan contract is between the lender and the business. Finnoba acts as agent: it originates, verifies, administers and collects on your behalf, but it is not party to the loan and not the creditor of the debt. We're finalising the definitive contract wording with legal counsel.
What if a business doesn't pay?
You take the loss. Finnoba commits no capital of its own to cover defaults: we run collections, apply late interest and report to credit bureaus, but we do not make good what doesn't come back. What we do is make sure no single loan takes more than 10% of your money, so a default costs you part of it rather than all of it. We're aiming for under 5% to fail, but that's a target with no track record behind it.
Can I take my money out early?
No. Your capital is committed until the loan matures, 2 to 6 months. In the pilot there are no partial withdrawals, no secondary market, and you can't resell your position to someone else. If you might need that money sooner, this isn't the place.
What about taxes?
What you earn is income and is taxed under the rules of the country where you live. We give you an annual report with the information to declare it. Check with your accountant — we don't give tax advice.
How much will I earn, and is it guaranteed?
Of the interest the business pays, 60% is yours and 40% is Finnoba's commission. What that adds up to depends on the level of the businesses you end up in, and we confirm it in writing before you commit anything. Guaranteed it is not — lending never is, and we do not make good what doesn't come back.
02
About how we operate
How do you choose the businesses?
First we apply the golden rule: we only lend dollars to businesses that already get paid in dollars. From there we check the tax ID is active and in good standing, their sales over recent months, an invoice or contract with a foreign client, what they need the money for and whether they have other debts. A bank would look at collateral; we look at whether the business sells and gets paid.
Why exporters only?
Because lending dollars to a business paid in soles hands it a problem it didn't have. If the dollar rises, the instalment becomes unpayable even though the business is healthy. By financing those already paid in dollars — coffee, cacao, blueberry, avocado, fish, textiles, software — debt and income sit in the same currency.
What does the loan cost the business?
Level 1 is $500 over 2 months at 5% a month on the outstanding balance: instalment 1 of $275.00, instalment 2 of $262.50, $537.50 repaid in total. That's a TCEA (annual effective rate) of 79.59%, below the 99.84% cap the central bank sets for foreign currency. It's published in full on How it works — no call to book.
Why start at $500 and not more?
Because nobody has proven anything yet. A small, short first loan lets us see how a business repays while risking little. If they deliver, they move up: $1,200, then $3,000, and on to $15,000. The rate falls at each step. They don't choose it — they earn it.
Where is the money in the meantime?
In accounts separate from our own, with loan-by-loan reporting for each person. We're finalising the definitive structure with our lawyers and it will be spelled out in the first cycle contract.
Which countries do you operate in?
The pilot is in Peru and that's where the first cycle goes. LATAM is the long-term plan, but we'll only move to another country once we know how to assess and collect properly there.
Is this crypto?
No. What you earn comes from businesses repaying loans in dollars, not from speculating on anything. To move money across borders we use a mix of bank transfers and digital-asset rails, because it's faster and cheaper than correspondent banking — but that's our plumbing: you don't buy crypto, don't hold it and have no exposure to its price.
How is the platform built?
We build it ourselves. Today a good part of the operation is manual and handled by the team; we automate as the pilot validates each step. We'd rather say it plainly than promise automation that doesn't exist yet.
03
About the rules
Are you regulated?
We're working with lawyers to define which framework Finnoba operates under in Peru and what controls apply, before opening the first cycle. We don't claim to hold licences or registrations that don't exist yet. Once it's confirmed, we'll publish it here.
Will you ask me for paperwork?
Yes. Before we take your money we verify your identity, where the money came from, and screen you against international sanctions lists. If you live outside Peru we'll also ask for your tax residency. It's mandatory, we skip it for no one, and it protects you as much as us.
Is this a public securities offering?
No. Finnoba operates as a private alternative investment platform. Participation is subject to investor profile evaluation and signing individual terms. This does not constitute a public offering under local regulation.
Do I need to be a professional investor?
No title required, but you do need to understand what you're doing: that you can lose money and that you won't be able to pull it out overnight. We go through that on the call before you join.