Embracing digitised group sales lending
This pilot will integrate a mobile app to simultaneously digitise group sale of products and lending. The app’s algorithm calculates the credit worthiness of group members, after which they can select their product and submit a loan request. Group sales presents a new avenue for scale, while lowering the pre-financing risk. Sevi will help GDC members purchase this service to upload their own products and adopt a digitised approach to group lending.
Location: Kenya | Photo credit: Econome