People Capital

12th February, 2009 - Posted by Alan - No Comments

Recent events in the capital markets have led to overly harsh treatment of student borrowing. Not only have lenders fled the market, but also, those that have stayed are unable to best distinguish between good and bad risks. We aim to address both issues.

The People Capital platform generates liquidity in the market by matching all lenders with all borrowers, not just “family and friends.” Institutional lenders remain the largest source of capital in these markets.

Our patent pending Human Capital Score is based on the work of leading academics, and addresses the challenge of how to assess the creditworthiness of those just starting their credit histories. Our credit assessments will allow lenders to make credit risk decisions based on the true potential of the borrower.

Who We Are

Poised for funding the 2009 academic year, People Capital, Inc. was founded in 2008 by a team of world-class talent with backgrounds in student lending, consumer finance, credit ratings and new media to develop the next generation of credit risk management and funding for student financing.

What We Do

People Capital provides a peer-to-peer (p2p) lending platform to match students with college funding sources — be they individual investors, philanthropic/affinity groups or financial institutions.

Our Approach

We apply cutting-edge strategies from the credit card industry. Our patent pending Human Capital Score underwrites students without credit history, FICO scores or co-signers by projecting individual income levels and ability to pay indebtedness. We incorporate GPAs, standardized test scores, college and major to provide a true and unbiased, data-driven measure of the economic value of an education.

Why We’re Different

  • Our Human Capital Score measures income potential, unlike traditional measures.
  • We maximize confidence in borrower authenticity, verifying student enrollment status and earmarking disbursements for schools.
  • We provide institutional-quality credit risk and analytical tools for all lenders, plus the data and analytics for smart lending decisions.
  • We give institutional lenders a new opportunity to create a unique portfolio of individually selected student loans — with all the underlying data.