Assetz Capital promotes the "Granny Principle"
Andrew Holgate, managing director of small business peer-to-peer lender Assetz Capital, is no different.
Assetz is governed by the “Granny principle”, he says. So far, so gobbledygook.
But unlike most corporate guff, Holgate’s maxim has some sense behind it.
“One granny could put all their savings into one loan and could lose it all. We don’t want that,” he explains.
“We tell our customers to diversify across loans and across platforms to spread the risk.”
Granny would be proud.
- March 5, 2015