What is your approach to risk?
All business lending carries risk. There are three ways of dealing with risk: Eliminate it; mitigate it; accept it. To understand risk it is imperative that you carry out a detailed identification methodology; understand and acknowledge that a proportional amount of risk is ubiquitous; constantly monitor that risk; identify and handle new risks as they arise within a business. However, the other way to mitigate risk for our Lenders is to ensure the right level of ‘security’ is always in place should things ever go wrong with a loan.
At ArchOver we monitor both risk and security on a monthly basis, something we believe is unique within the P2P industry.