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
- BScore class B
- CScore class C
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
CBC (KFP) is a Polish entity specialized in short-term financing of small and medium enterprises. The company believes in the strength of domestic entrepreneurship and is happy that with their support Polish companies can succeed on the market. Their mission is based on a specially developed, unique loan product that combines two important features: an attractive interest rate and high availability. CBC (KFP) have developed an innovative process of assessing the customer’s creditworthiness based on classical financial ratios and behavioural analysis. CBC (KFP) operate all over Poland since 2015.
The appearance on IUVO is primarily an expression of our desire to develop and diversify the sources of our financing. Joining the platform allows us not only to offer innovative financial products for borrowers but also to create an opportunity for investors to invest in them. No doubt, the presence on the IUVO platform is an honor for us.
Become part of one of the fastest growing p2p investing marketplaces in Europe