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Podcast: How to Lend Money to Strangers
Episode: A massively more inclusive credit score, with Charles Wandia (gnuGrid CRB)
Description: The story of East African fintech is built around the mobile phone. Not the smartphone, mind you, but the humble feature phone. In markets where all but the most significant of locations lacked an established infrastructure of landlines and local bank branches, these phones leapfrogged both: powered by pre-paid sim cards that often served as a secondary currency and cleverly leveraged USSD technologies. But it has been seventeen years since M-PESA arrived on the scenes and yet traditional credit tools have often failed to cross the floor - in Uganda, the credit bureaus are filled with the data of...