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MineTech Works With the CARE Foundation to Bring Credit Scores to Kenya

Working with the CARE Foundation in Africa MineTech proposed a totally new approach to creating a credit score for the poorer people in Kenya who have no access to credit or banking because they have no way of generating a credit history. Together with our mobile partner in the region (MDI) MineTech is gathering large volumes of unstructured data from thousands of Kenyans, using one of our machine learning programmes to express the data as a numeric, allowing us  to integrate attitude and behavioural data onto village loan association data to generate a credit scoring algorithm. The process has attracted a lot of interest in many circles and already has been shortlisted for an award on the best use of new technology in the sector.

MineTech | Jun 22nd, 2016 | , , , ,