Social Lender is a lending solution based on social reputation of mobile, online, and social media platforms. Social lender uses its own proprietary algorithm to perform a social audit of the user on social media, online and through other related platforms and gives a social reputation score to each user. This way it is possible to give financial system access to many more people, even if they do not have a bank account, by using their mobile money wallet. Social Lender’s solution is particularly important as people without banking accounts or less established prerequisites for formal credit face difficulties to access the financial system and funds to finance their lives.
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