Job Ndiango

Tanzania

MobiScore


For new and young entrepreneurs seeking funds, MobScore offers users a credit score using mobile money history to establish credit worthiness. Tanzania lacks a credit scoring system. As a result, banks assess prospective borrowers on an individual basis, and loans are difficult to secure. Many people ultimately rely on loan sharks or informal group lending schemes to realize their goals. MobScore aims to produce reliable credit scores by analyzing user data from mobile banking. By leveraging the high penetration of cheap smartphones and mobile money, MobScore will enable Tanzanians to communicate their credit worthiness to institutional lenders and thereby secure affordable loans.