Reliable User data for Clients
Using past payment history, credit scores are generated for individuals allowing accurate credit checks and underwriting. Microfinance institutions currently incur significant transaction costs due to the extensive process involved in validating customer creditworthiness. Direct home and business visits to borrowers by loan officers leads to cumbersome and lengthy approval processes. By providing an objective credit scoring tool based on sound and rigorous data analytics and modeling, we lower transaction costs and provide an objective tool that aids in simplifying approval methodology. Our clients can use the savings achieved to expand the scale of their financial offerings, and by de-risking their customer base through our credit model, they will be able to offer an expanded suite of products, including longer-term loans and variable interest rates on lower-risk customers.