Show HN: Credy – Peer-to-Peer Lending Platform for India

Re:Show HN: Credy – Peer-to-Peer Lending Platform for India by sonink on Thursday February 23, 2017 @01:50AM (#13712141)

Looks neat ! Like the way you are leveraging India stack.

Qs for you:

1. Shouldn't a new age lending platform not use old school mechanisms like CIBIL. I would guess that a new age lending platform build its own CIBIL.

2. Doesnt the requirement of Salary Slips preclude the very same people from accessing loans who do not otherwise have access to ? Also I am guessing that this will be like 1% of the population.

3. If you have the means to coinvest 50% and if you guarantee market beating outcomes, why don't go all the way to 100% ?

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Re:Show HN: Credy – Peer-to-Peer Lending Platform for India by harshitsv67 on Thursday February 23, 2017 @02:03AM (#13712193)

Thanks for the comment. Good to know you are aware of India Stack. CIBIL still holds valuable information. We overlay that with other inputs using our own proprietary algorithm.

Salary is a regular source of income, which improves repayment capacity.

We are a platform, we don't want to be lending our capital as a primary business.

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