Here’s what we’ve learned about maximizing impact:
Make financial services and education interactive and convenient. Our solution is an end-to-end digital financing experience. We start with a chatbot credit application in which even informal entrepreneurs can build a P&L in a way that’s intuitive for them. Within 10 minutes they have a dynamic loan offer based on their profile. We do tech enabled-KYC and the result is a validated, low risk loan.
Build a process that is inherently high inclusion: work within messaging apps that clients already know how to use, so there’s no additional tech barrier to entry, and application is 24/7. The process is convenient and 100% of clients surveyed say their next loan will be digital.
Be entrepreneur enabled: Design for entrepreneurs in process and also loan product: our tech enables loans from $25 - $20k, calibrated to local market demand for business building capital.
Digital = learning from data: the digital process also allows us to built a huge data pool to constantly improve financial products, underwriting, and targeting
We enable unbanked and underserved customers to expand income generating activities