[jkurnia]

In the past, default rates have usually fluctuated between 15% and 25%. No country has consistently been higher or lower than the population as a whole.

We handle defaults as described in the FAQ. In addition, the volunteer mentor (experienced borrowers who help vet and orient new members) who was assigned at the time the member joined may call the member to help them establish a payment plan.

The credit risk payments were fees intended to offset default losses under the old system (before the pivot to the Pay It Forward system). We do not apply them anymore. Instead, the optional extra payments deposited to the loan fund once projects are repaid are expected to offset default losses.