Risk and Credit Assessment

Raqamyah is a Peer to Peer Financing platform, connecting verified and pre-qualified financee (debtor)s with both Individual Financers and Institutional Financers. The platform applies the innovative technology of crowdfunding to eliminate the cost and complexity of conventional finance whilst offering financee (debtor)s fast access to low cost finance.

Raqamyah places large emphasis on listing pre-qualified SMEs on the platform. To be considered for finance, the financee (debtor) must meet certain criteria such as length of business, sector, revenue threshold, and level of debt. Each funding proposal undergoes an extensive internal credit and risk assessment that is supported by robust external verification as follows:

SMEs submit complete finance request applications
The process starts with the applicant, who completes the application and uploads all required information on our website. This step provides insight about the applicant and gathers some external background data. It allows Raqamyah to decide if the applicant is eligible for financing in principle based on credit bureau report, turnover, profitability and years in existence and give a preliminary indication of the finance request within three business days.
Raqamyah performs thorough risk assessment of applicant
If the applicant gets through the eligibility test, Raqamyah will further investigate the applicant by visiting him/her at his/her premises. We always interview the applicant to ask any credit questions. The interview serves another purpose as well: we do an assessment of the management qualities and relevant experience of the management. 10% of the credit score is based on the management qualities of the applicant and its team.
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The credit score
The scoring model determines if an applicant is within Raqamyah’s acceptable risk band or not. If the applicant is not fundable, the funding request will be rejected, and it will not be presented to the financers. If a funding request is within acceptable risk band for Raqamyah, our scoring model will show what the credit score will be. The credit score ranges from 0 to 10 points. To make the score more easily readable, we convert this score to the categories you know: A+ to C. The profit rate is determined by the number of points attained and the duration of finance request. That is why profit rates within a credit score category can differ sometimes:

Grade Rating Definition


  • Asset quality: Strong
  • Working capital management: Strong
  • Repayment capacity: Strong
  • Management: Very good
  • Size and position in the industry: Very satisfactory


  • Asset quality: Fairly strong
  • Working capital management: Fairly strong
  • Repayment capacity: Fairly strong
  • Management: Very Good
  • Size and position in the industry: Satisfactory


  • Asset quality: Satisfactory
  • Working capital management: Satisfactory
  • Repayment capacity: Satisfactory
  • Management: Good
  • Size and position in the industry: Small


  • Asset quality: Moderate
  • Working capital management: Moderate
  • Repayment capacity: Moderate
  • Management: Fairly Good
  • Size and position in the industry: Small

Interest Rate (%)
Loan Duration (months)
Calculate EMI here