Exactly. Tala's a great analogy insofar as developing world microfinance faces a lot of same challenges Dharma will likely encounter -- namely the lack the of legal recourse for defaults.
It reminded me of my time working on credit models for subprime mortgages. We forecasted 2 variables: frequency and severity of default. The total loss prediction was the product of the two. If your severity is always 100% at least it makes your model simpler.