Tested by Adversity, Fintech Branch Emerges Stronger (and Better at Risk Managem...

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Jul 2017
Global, July, 24 2017 - Branch makes small personal loans to people in sub-Saharan African countries like Kenya, Tanzania, and Nigeria via their Android phones. Applicants download Branch’s app which scours personal data on their phone such as texts, calls, contact lists, and GPS data to determine their creditworthiness. Loans typically range from $2.50 to $500. Usually, borrowers receive 12 month loans with an APR of 12%, Flannery says. Branch holds the loans on its own balance sheet and does not securitize them.

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Source : Forbes
 

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