The lending structure of Mintos is quite different from two other comparable platforms - Prosper and Lending Club mentioned on TDI blog. Almost all the loans come from 3rd party originators (in 37 countries and 5 continents) that guarantee return of the principal and interest in case of borrower default. In plain terms this means that primary credit risk lies with originators, or originator group, and not with individual borrowers. There has been only 1 originator default in Mintos history, so direct default modelling is not possible. Also, unlike Prosper and Lending Club Mintos has a thriving no fee secondary market, where vintage loans can be bought and sold.
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