Traditional Credit Scoring is Not Enough for Emerging Markets
Credit lending has historically favoured those in developed markets, in more affluent regions of the world, leaving consumers in less well-off emerging markets without any way of obtaining a credit loan. This is a vicious cycle because without a loan, those people cannot build a credit score, and therefore find it challenging to obtain a loan. The loop continues. I’m interested in breaking this cycle, using alternative data to empower financially ‘invisible’ consumers and disrupt traditional credit scoring methods.