Today, we are excited to celebrate the outstanding performance of our Polish loan originator, Ekspres Pozyczka. In a market where the average default rate ranges around 12%, Ekspres Pozyczka has managed to cut that figure nearly in half, reducing it to an impressive 6.5% (as of April 2024). This achievement is not just a number; it reflects a carefully prepared strategy and the hard work of a dedicated team that has found the perfect formula for minimising risk.
A Winning Strategy
In 2023, the average default rate for Ekspres Pozyczka was 8.1%. The team didn't stop there while this was already below the market average. Through continuous improvement of the daily processes, they have further reduced the default rate to 6.5% in 2024. This significant achievement highlights the effectiveness of Ekspres Pozyczka's risk management practices. The Polish team has created a reliable and secure lending environment by implementing a robust credit application selection, maintaining client relationships, and continuously refining their approach. In general, we are happy to provide greater security for our investors, knowing that their funds are managed with precision and care.
Moreover, Ekspres Pozyczka is actively sharing its best practices with other loan originators within the Hive Finance group. Thus, we aim to replicate this success in different markets, ensuring our other companies benefit from the same strict risk management strategies.
A Buyback Guarantee
Another layer of security for our investors is the buyback guarantee, a promise that no one has had to rely on. Because of our internal agreement, they are often bought back early, keeping the guarantee in place, but rarely needed. This further highlights the reliability of our investment options. As one of our Trustpilot reviewers noted, "The security provided by the buyback guarantee gives me peace of mind, even though I've never had to use it."
Trust and Confidence
Ultimately, Ekspres Pozyczka's low default rates and strong risk management practices are part of our commitment to building trust with our investors. The achievements in Poland set a perfect example for our entire group, showing what's possible with the right focus and determination. To sum up, we aim to ensure that every market we operate in provides our investors with the same security and confidence.
