Quote from: hubballi on March 29, 2018, 03:44:38 PM

The project is very nice with lot of options of lending with single and crowdfunding. But what about the security of the lenders if any person defaults the loan, then how will it get recovered. This are the main points to be noted as other lending platform got failed due to this flaws.

Dear hubballi,

That a really great questions, to make sure there are no defaults or lenders are secured there are three things we are doing is, on the consumer product people can create their own group and save collectively, and people will initially only invite someone who trust so that there are lesser number of default. On the Business to Business/enterprise product, manufacturing companies will initiate and invite collaborative savings for their distributors, this will give distributors opportunity to buy products from manufacturer and provide a way for interest free credit for longer period without exposing the credit risk to the manufacturing company. And in the business to business model manufacturing company bear the loss of in case of any distributor defaults, but this wont effect manufacturing companies at all, as per our market research and statistical analysis the defaults wont be more than ~.1% of sales boots.

Thanks,
GetUnion Team