Grameen

Questions:

Please describe your idea in further detail. What is the customer need it addresses? What is the benefit it will deliver to the poor?

At start, the social credit score would be an aggregate of the scores of individuals which comes from MM and phone transaction records. Eventually, as more individuals received loans in those communities, the score would be shaped by ability of all members to repay loans. This may cause others to put pressure on those who are not repaying.

Though at this stage we are more focused on finding ideas that are novel and appropriate for the end-consumer, any idea we test will need to be sustainable. How would this idea appeal to our commercial partners?

Banks will be able know where to open up financial services Credit histories will help banks extend services to those at the bottom (who currently are not considered because of lack credit history)