On what basis are borrowers approved?

Borrower Requests
1

Hello,
How do Tru Stakers determine which borrower is credit worthy?

  • What information do they have about borrowers before they make the decision to give/not-give the loan?

  • On what basis do they decide?

Thanks!

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2

Today, TrustToken is doing the majority of the vetting for institutional borrowers. This will generate a credit history of some sorts. Hopefully there will be a credit score or something associated with each borrower.

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3

Shaun’s question about how the Truefi community determines which borrower is credit worthy is a good one.

Is Kia’s answer still correct in that the majority of vetting for institutional borrowers is done by TrustToken?

What about non-institutional investors?

Also, is there a document that explains the whole process, from loan inquiry all the way to approval?

Many thanks, Neal.