# Vendor Finance V1 Version 1 offers users the opportunity to engage as either lenders or borrowers. Lenders have the capability to establish lending pools and levy interest, whereas borrowers can secure loans from lenders by pledging collateral. The typical lending flow can be summarized by the following: 1\) A single lender creates a Vendor lending pool with customized loan terms, and seeds the pool with their desired lending capital. 2\) Numerous borrowers can contribute collateral to the pool in order to secure their loans. 3\) Borrower(s) are granted the period until the loan's[ Repayment due date](/overview/vendor-finance-v1/definitions.md) to repay. Successful repayment results in the return of their collateral while failure to repay leads to collateral forfeiture to the lender while retaining the loan. This is also know as a [Default](/overview/vendor-finance-v1/definitions.md). The lending pools also accommodates partial repayments, enhancing borrower flexibility. More detail can be found in the following sections. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.vendor.finance/overview/vendor-finance-v1.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.