Credit Scoring 2.0: Alternative Data Assessment Opening Short-Term Credit Doors for South Africans
A fictional story follows, but is the typical narrative for millions of under-served South Africans. Sarah is a twenty-something living in Johannesburg, working two jobs and sending financial support back to her parents in Limpopo every month. Like many in Joburg, she is paid cash in hand for her job in hospitality. She hasn't missed a rent payment in three years, and yet when she's declined a personal loan to support her sister's tuition fees by her mainstream bank, she
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