One of the methods by which the originators control the risk, is using a credit rate score system. This is a procedure of classifying every credit in different categories, based on the default probability (the probability the borrower to stop paying off their loan). All loans in iuvo have a score rate. This is needed so the credits from different originators can be compared
- A0 – 4% default probability
- B4 – 10% default probability
- C10 – 18% default probability
- D18 – 25% default probability
- E25 – 35% default probability
- HRabove 35% default probability
The total amount of the loans granted by the loan originator to borrowers since its establishment
The total amount of the loans issued on the marketplace by the loan originator
In business and financing, the term “skin in the game” is used to refer to owners or principals having a significant stake in an investment vehicle, in which outside investors are solicited to invest. This is to ensure the interests of the originator and the investor in the asset are aligned, as both have a stake in the asset/ investment. On iuvo this means that every loan originator is required to keep certain percentage of each loan listed on the marketplace, which is their “skin in the game”. For example, if a loan originator issues 100 EUR loan to the marketplace and have skin in the game 30%, only 70 EUR of the loan will be available for investors to invest in. The loan originator keeps a stake of 30 EUR.
The year in which the company became profitable
Easy Credit is the first and the largest loan originator in iuvo. The company was established in 2005 and since then it has been a trusted assistant to thousands of Bulgarians in meeting their expenses by providing personal loans. Easy Credit is an innovator in the field of personal lending with a typical model including home lending. The basis of the company’s concept is to provide a responsible attitude and transparent lending procedures that are as easy as possible and close to the client. Easy Credit has more than 100,000 loyal customers and the brand’s recognition on the territory of Bulgaria is over 93%.
Our role as loan originator on IUVO enables us to expand our operations into a more technological environment, as we are a company looking to the future.
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