NanoSAIO Ltd, the Fintech arm of the Anglo African Group based in Mauritius, has secured an in-principle license from the FSC to offer innovative digital micro-lending loans to Mauritians to address the gap on the Mauritian market, by providing clients at the base of pyramid an alternative financing solution instead of borrowing from traditional unauthorized lenders termed as Loan Sharks & Casseurs.
This project being societal in nature, will cater for the niche market in Mauritius who are unable to get finance due to their inability to provide security/collateral. This project will help the vulnerable customers to achieve their objectives and improve their quality of life. The development of a Big Data Scoring Engine is important as part of the project so as to assess the Credit Worthiness of the borrowers prior to giving loans.
Keywords
Digital Micro-Lending,AI-Driven Dynamic Scoring,Cashless,Financially Vulnerable,Inclusive Innovation
Language
English
Publisher
Mauritius Research and Innovation Council
Content Classification
Brief
Funding Agency(ies)
Mauritius Research and Innovation Council; NanoSAIO Ltd
