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?
-
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.
About Stilt:
Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. Stilt is committed to helping immigrants build a better financial future.
We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible.
Learn more about us on Wikipedia or visit us at https://www.stilt.co. If you have any questions, send us an email at team@stilt.co.
Comment actions
Please sign in to leave a comment.
Comments
1 comment