Default rates of loans funded on MicroWorld
|Since launch||Since launch:
(1) in % of total outstanding capital
(2) in % of number of projects in repayment process
|Sum of outstanding capital of loans with an outstanding debt of over two months||0 Euros||0 % (1)|
|Number of projects with an outstanding debt of over two months||0 Project||0 % (2)|
Each microcredit project presented on MicroWorld is monitored by our local microfinance institution partners. These institutions commit to repay the money lent regardless of the outcome of the entrepreneur's project. These institutions are selected by MicroWorld after a full audit and are monitored over time.
Each loan leads to the blocking of the funds invested for the duration of the project and carries a risk of non-repayment.