Deployment of a digital micro/nano loan product that leverages alternative data for credit scoring to support access to credit, improve value proposition for SINPF savers and increase financial inclusion for rural Solomon Islanders especially those under the informal portfolio/voluntary saver segment.
The project is currently in its pilot evaluation phase. Following this, UNCDF plans to refine, institutionalise, and scale the initiative. So far, approximately 360 of the 3,000+ whitelisted pilot customers have taken up the loan, with over SBD 150,000 disbursed to date.
You can find more info about this product here.