A loan is expected to repaid, with some degree of delinquency.<p>Statistically, ~50% of people will never be expected to repay this, and even on the ~50% who should repay you have to find them (which in 20 years time maybe harder than expected, since they are unlikely to let the company know they now need to pay it back).<p>Superficially that doesn&#x27;t seem like an awesome investment to me.