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Introduction

Specification

Project setup

A key component in the Growr protocol is the lending project. The project represents a loan offer with predefined conditions and eligibility criteria. Every loan in the protocol is approved and disbursed through a project. In addition, the project determines the funding needs and the potential investment channels. Projects are usually initiated by originators on behalf of their borrowers.

Project creation

OriginatorLending portalGrowr Project serviceInitiate a new project1Setup eligibility criteria2Setup loan parameters3Setup funding parameters4Setup publishing parameters5Request project creation6Create a project7Project key8Project key9OriginatorLending portalGrowr Project service

Process steps:

  1. An originator admin creates a new project for lending service in the Lending portal.
  2. The user configures the eligibility criteria for approval of loans from the project.
  3. The user configures the parameters of the loan.
  4. The user configures one or more funding sources for the project.
  5. The user configures a description and media parameters of the project.
  6. The request is transferred from the Lending portal to the Growr Project service.
  7. Growr Project service creates a new project in the Projects book.
  8. Response message.
  9. Response message.

Project activation

Once a project is created, it must be activated to become operational. Once a project is activated, the following processes are unlocked:

After a project is activated, it can be temporarily deactivated. This status pauses the lending service i.e. new loan applications will not be accepted until the project is activated again.

OriginatorLending portalGrowr Project serviceReview projects1Activate a project2Request project activation3Activate a project4Project activated5Project activated6OriginatorLending portalGrowr Project service

Process steps:

  1. An originator admin reviews the projects in the Lending Portal.
  2. The user selects a project in status DRAFT and activates it.
  3. The request is transferred from the Lending portal to the Growr Project service.
  4. Growr Project service activates the project.
  5. Response message.
  6. Response message.

The steps for project deactivation are the same.