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
- CScore class C
- DScore class D
- EScore class E
- HRScore class HR
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
The mission of iCredit Poland is to help clients in temporary financial difficulties by providing quick, responsible, cash loans and to become a company that customers first turn to when seeking solutions to their financial problems. The company is established in 2014 and is providing consumers loans with individual approach to each client and have more than 73 000 loyal customers. The secret of our growth is hidden in our main principles of work with customers and employees – morality, ethics, responsibility, transparency, and loyalty. iCredit Poland is part of Management Financial Group.
We believe the iuvo group platform is giving us the opportunity as a lending institution to meet with unlimited count of investors. A place where the investors are receiving pretty good earning returns of their investment, with extremely low risk, and we, as a consumer lending institution – the possibility to grow fast due to the funding we are receiving in return. The reason we have chosen exactly iuvo among many FinTech entities is that we observe the rapid growth of the company during the last years, and positive feedbacks we have received by investors and contractors.
We believe the FinTech companies like iuvo group - it is the key to the future in terms of funding of lending institutions on the Polish and European market in general.
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