About Geneva Finance

"Finance Made Easy"

Geneva Finance is a New Zealand-owned finance company that provides finance and financial services to the consumer credit markets. Geneva commenced business on 7 October 2002. The company’s loans are originated through three distribution channels (Direct, Retail and Dealer), processed by the central sales desk and mobile sign-up managers then administered through a national operations centre located at Mt Wellington, Auckland.

Geneva ’s principal activity is to raise funds, by issuing debenture stock and subordinated notes and through institutional funding facilities, and to lend the funds raised to individuals during the course of carrying on its finance company business. A proportion of that finance is for individuals whose personal lending and finance needs are not adequately catered for by trading banks and/or because of the specific nature of the borrowing requirement e.g. secured fixed-term personal asset financing such as vehicle or retail hire purchase finance. Over the last two years Geneva has moved away from this market, preferring to focus more on mainstream lending.

The company provides hire purchase finance, and personal loans secured by registered security interests over personal assets such as motor vehicles, household goods (e.g. furniture and appliances), and mortgages of residential property. As at 31 March 2008, the Receivables Ledger was $144.4 million (prior to provisions for deferred revenue and doubtful debts) spread over 24,115 loans, with an average loan size of $5,987. This represents a wide spread of risk due to the large number and relatively small size of each loan.