What is MoolahSense’s loan default rate?

What is MoolahSense’s loan default rate?

Default Rate =
Amount of Outstanding Loan Repayment Monies in Default
Total Amount of Loans Disbursed

The default rate is computed taking the amount of outstanding loan repayment monies in default divided by the total amount of loans disbursed since our first campaign that was launched in November 2014.

At MoolahSense, a loan will be classified as a doubtful if an issuer fails to repay its loan obligations 120 days after the initial loan repayment due date. This will also be reflected in your “Investments” on your dashboard.

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