What happens if my investment defaults on MicroPlace?
Asked 6 months ago
If your investment defaults on MicroPlace, there are several steps that will be taken to minimize the impact on your investment. MicroPlace will initiate a collections process to recover the funds on your behalf. This process may involve working with local partners and microfinance institutions to recover the outstanding balance. In some cases, MicroPlace may also offer a default-guarantee, reducing the risk of loss to the investor. However, it is important to note that MicroPlace cannot guarantee the recovery of funds in all cases, as there may be factors beyond their control. It is advised to carefully consider the risks involved in investing and diversify your portfolio to minimize the impact of any potential defaults.
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