Video: Madagascar: Digital Loans Power Small-Scale Entrepreneurs
Small-scale entrepreneurs in Sub-Saharan Africa generally struggle to get loans because they lack the required collateral or credit history. Digital credit offers a potential solution to this problem, since the usage of a mobile money service generate data that can then be used to automatically assess the creditworthiness of the user. In Madagascar, IFC and the Mastercard Foundation partnered with microfinance bank Baobab to test the viability of digital loans.
This video was shown just before the Africa SME Finance Forum 2018 closing remarks from IFC VP Karin Finkelston on May 16 in Nairobi, Kenya.