Looks like P2P lending site with purpose of solar panel installation, do you guys verify each of the borrower personally or verification procedure just have basic KYC policy like traditional bitcoin p2p lending platforms?
We do due diligence on our partner solar companies. They take out loans on behalf of residential clients because of lack of the credit scores in the countries we'll be operating in. This way, they are liable when their clients don't pay. Luckily with solar installations it's easy to simply remove and rent the parts to new clients in the case of default. Loans will theoretically have a 0% non payment rate as a result. For larger solar projects we do in person loan underwriting.
