What companies have been successful with social credit scoring system for loans?
How do you effectively apply a social credit rating system to furnish loans to BoP customers?
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Official comment
It is difficult to say whether these companies have been successful, but they have definitely been doing it for some time now. A lot of companies use social data as an additional signal, but not completely rely on it.
Lenddo, Kreditech, and a few others have been using social data heavily to make lending decisions.
Muhammad Yunus’s Grameen Bank was based on social credit scoring in a very non-technical way. This strategy has worked incredibly well for bottom of the pyramid people in developing worlds.
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