Why Klear needs a co-debtor?

Klear is targeting mainly micro and small enterprises where there is rarely the possibility to have collateral on the loan as banks usually require.

Klear can finance these small businesses without any collateral. To be able to do that, Klear requires in most of the cases the involvement of the manager or the owner to mitigate the credit risk.

Mitigation of the credit risk is doubly important. For Klear of course, but also for the individual investors who will invest in these loans on Klear P2P lending marketplace.