Financial InclusionInnovationMicrofinance

TED Talk: A smart loan for people with no credit history (yet)

Using mobile data to offer loans for people with no credit history

Limited banking infrastructure in certain parts of the world means access to financial services can be challenging for some people. In this talk, Shivani Siroya discusses informal means of getting information to determine an individual’s credit worthiness without the need for banking history.

Through InVenture, a start-up that uses mobile data to create a financial identity, Shivani unlocks ‘untapped purchasing power in the developing world’, whilst enabling people who would otherwise be considered too risky, to grow their businesses and improve their lives.

Click here to watch the talk in full.

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