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Measures

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Due diligence

This is the first step to ensuring the safety of our lenders. Every micro, small, and medium enterprise that joins this platform undergoes a thorough due diligence process. This process verifies and validates the enterprise's identity, location, and operations, as well as that of the business owner.

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Credit reference

The second step to ensuring the platform is to access data by consent on the credit history of the business owner from our credit reference bureau partners. This helps give a view into the credit behaviour of the business owner to aid with credit rating.

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Credit scoring

Credit scoring is the third step towards ensuring we are presenting the right borrowers to our lenders. Using an algorithm, we assess the borrower’s possible creditworthiness based on big data and set criteria

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Enterprise Risk profiling

The risk level assigned to a borrower is determined by various factors, including the financial information provided about the enterprise, the purpose of the loan, the credit scoring, the borrower's records on the platform, and an assessment of the general business climate in which the enterprise operates. This is the fourth step in the process of listing borrowers, and this information is made available on the borrower's loan request.
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Lender Protection

Lenders are aware that there is no guarantee that borrowers will repay their loans, which poses a risk to them. To mitigate this risk, lenders are prohibited from lending more than a certain amount to a single loan request. Additionally, an algorithm is in place to ensure that borrowers receive appropriate ratings based on their repayment history, which is then used to determine their risk profile

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Loans Insurance

To protect lenders, all loans are insured against default. We understand that the financial well-being of lenders is paramount. Hence our commitment to safeguarding their investment to ensure the best possible lending experience.