Current location - Loan Platform Complete Network - Loan intermediary - How do microfinance companies control risks? How to operate specifically? Please elaborate.
How do microfinance companies control risks? How to operate specifically? Please elaborate.
In fact, when it comes to controlling risks, it seems to me that there needs to be a guarantee. Many situations are similar, depending on the type of business you do, such as having a real estate as collateral and a car as collateral. Others can include documents and drafts. Of course, its authenticity and validity need to be verified. Others are guaranteed and can be guaranteed by multiple households. Just like a grasshopper, even if one party cannot repay the loan, it can claim compensation from other borrowers. There are many more, and the key is flexible application.

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