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
6 years after its founding, Viva Credit is one of the preferred lending companies in Bulgaria. The mission of the company is to provide high quality services with easy access to credit solutions at reasonable prices. The non-bank financial institution wins its clients with a versatile flexibility in applying and approving loans for up to 40 minutes. Also, with the opportunity to apply in an office or online. The company has coverage of more than 150 offices in Bulgaria, as well as the opportunity to apply online from anywhere in the country.
Viva Credit is a company that follows global financial trends.
One of the most trusted companies operating on the European Peer-to-Peer investing market is iuvo. The platform is high-tech and secure, applying clear terms and conditions. Investments on IUVO are many times more profitable than other investments on the market in Bulgaria. This motivates us to choose iuvo as our partner and to become one of the loan originators on the platform.
The cooperation between the two companies has been going on for a second year and we hope to grow together so that the customers of both companies can always get high-tech solutions for their finances.
Become part of one of the fastest growing p2p investing marketplaces in Europe