Use of Non-conventional data to boost financial inclusion

Lenders often seek information about the financial history of a loan applicant to evaluate their potential ability to repay a loan. Some prospective borrowers do not have access to the banking credit market for different reasons, for example, they do not have a credit history or, using conventional methods of assessing their credit worthiness, they are regarded as being too risky. The project will propose a new lending practice that uses non-conventional information based on mobile phone data to reveal more accurately which applicants are in fact worth lending to and so to boost financial inclusion in developing countries.