Social Lender

Social Lender is a lending solution based on social reputation on mobile, online and social media platforms.

Social Lender is a lending solution based on social reputation on mobile, online and social media platforms. Over 50% of Adult Africans lack access to formal credit. Social Lender helps financial institutions offer microcredit based on social reputation.

The solution is designed to bridge the gap of immediate fund access for people with limited access to formal credit. Social Lender uses its own proprietary algorithm to perform a social audit of the users’ online, on mobile, on social media and other related platforms and gives a Social Reputation Score to each user. Loans are guaranteed by the user’s social profile and network allowing users to then borrow from banks and other financial institutions based on their social reputation.

Social Lender delivers cash guaranteed by social reputation in most cases within 10 minutes. In three steps, users are able to get quick cash from Social Lender. First, users access Social Lender’s platform using any of the following channels; Web, SMS, USSD, Mobile App (Partner App Add-On or Dedicated Apps), Partner Bank ATMs, APIs or Pay with Social Lender (E-commerce Checkout). Immediately a social audit is conducted on the user (with user's permission) and the user obtains a social reputation score based on their digital fingerprint. Second, the user applies for cash using any of the available channels. Third, funds are approved based on partner specific business rules and funds is disbursed to the users' verified Account (Bank Account or Mobile Money Account) usually within 10 minutes.

Social Lender is licensed to financial institutions in the countries of operation. The minimum period of repayment is the day the loan is issued while the maximum period of repayment is dependent on the specific Social Lender partner (maximum of 4 years).

The Interest rate and Transaction Charges are also Partner Financial Institution dependent. Ranging from Interest-Free Loans to Loans with 5% Interest Rate per month to a maximum Annual Percentage Rate (APR) of 300%, Social Lender Loans are available to Users based on each individual partner financial institution's business rules. The loans are granted based on the Users' Social Reputation Score.

For example, for a Loan with transaction charge rate of 15% of the loan borrowed. Example calculation: if a user borrows 3,000 Naira, the user is expected to pay back ((3000) + (0.15 * 3000)) which amounts to 3,450 Naira.

Social Lender是一种基于移动，在线和社交媒体平台上的社会声誉的借贷解决方案。

Social Lender是一种基于移动，在线和社交媒体平台上的社会声誉的借贷解决方案。超过50％的非洲成年人无法获得正式信贷。 Social Lender帮助金融机构根据社会声誉提供小额信贷。

该解决方案旨在弥合获得正规信贷的人员即时资金准入的差距。 Social Lender使用自己的专有算法对用户的在线，移动，社交媒体和其他相关平台进行社会审核，并为每个用户提供社交信誉评分。贷款由用户的社交档案和网络保证，允许用户根据他们的社会声誉从银行和其他金融机构借款。

社会贷款人在大多数情况下在10分钟内提供由社会声誉保证的现金。通过三个步骤，用户可以从Social Lender获得快速现金。首先，用户使用以下任何渠道访问Social Lender的平台; Web，SMS，USSD，移动应用程序（合作伙伴应用程序附加或专用应用程序），合作伙伴银行ATM，API或与社会贷方支付（电子商务结账）。立即对用户进行社会审核（在用户允许的情况下），并且用户基于他们的数字指纹获得社交信誉得分。其次，用户使用任何可用频道申请现金。第三，基于合作伙伴特定业务规则批准资金，并且通常在10分钟内将资金发放到用户的验证账户（银行账户或移动货币账户）。

社会贷款人获得运营国金融机构的许可。最低还款期限是贷款发放的日期，而最长还款期限取决于特定的社会贷方合伙人（最长4年）。

利率和交易费用也依赖于合作伙伴金融机构。从无息贷款到每月5％利率贷款到最高年利率（APR）为300％，社会贷款人贷款可根据每个合作伙伴金融机构的业务规则提供给用户。贷款根据用户的社会声誉分数授予。

例如，对于贷款，交易费率为借入贷款的15％。计算示例：如果用户借用3,000奈拉，则预计用户将返还（（3000）+（0.15 * 3000）），相当于3,450奈拉。