📎Legal Structure

SPVs - Every Fintech Borrower is required to create a SPV to pledge the assets for availing the loan, the SPV holds the legal recourse in case of default. The SPV creates a legal agreement with borrowers. Every lending pool on Qiro marketplace has a legal entity tied to it i.e SPV or Special purpose vehicle. What is SPV ? A Special Purpose Vehicle (SPV) is an independent legal entity. It has its own assets and liabilities, as well as its own legal status. Usually, SPVs are created for a specific objective, often to isolate financial risk. As an SPV is a separate legal entity, it carries even if its parent company goes bankrupt.

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