Hi @lawwyy,
There’s a forum on radar called “Fint- Peer to Peer Lending, potential user interview”. Kindly follow the discussion on there.
The loans are unsecured(they do not require collateral) because a majority of our market have the capital to pay but no assets to back their borrowing on. For that reason, we have created credit enhancements to appeal to the investor. They are, a credit algorithm that does a deep analysis of each borrower to determine if they qualify for a loan, insurance(every loan is backed by an insurance company), two level-verification system of the borrower (data supplied from a national credit bureau and a physical kyc company) and a loan recovery team(that would process defaults if they occur). The idea behind your investment is that you spread your money across borrowers or loans; that way you are assured of net positive returns.
I hope this helps.