Credit Scoring for Smallholders: Lessons from Uganda
Webinar
In Uganda, only 10 percent of smallholder farmers have an account with a formal financial institution, and access to credit remains low. Many financial service providers see smallholders as a risky segment, partly because they lack the data and information needed to identify high-potential customers and their borrowing capacity. As a result, financial institutions are unable to make lending decisions at scale, and much-needed credit is restricted.
In early 2018, CGAP partnered with FinTech firm Harvesting to support PRIDE Microfinance, Uganda’s largest microfinance institution. Our work focused on developing an effective credit scoring mechanism using traditional and alternative data sources. In this webinar, we presented lessons learned from our initiative.
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