{"id":42807,"date":"2017-10-04T15:59:03","date_gmt":"2017-10-04T19:59:03","guid":{"rendered":"https:\/\/staging21.finca.org\/uncategorized-en-ca\/innovative-credit-scoring"},"modified":"2024-11-04T02:07:38","modified_gmt":"2024-11-04T07:07:38","slug":"innovative-credit-scoring","status":"publish","type":"post","link":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring","title":{"rendered":"Driving Financial Inclusion Through Innovative Credit Scoring"},"content":{"rendered":"<p><iframe class=\"lazyload\" data-src=\"https:\/\/www.youtube.com\/embed\/yMc-NQVOiKc?feature=oembed\" title=\"How EFL drives financial inclusion\" width=\"500\" height=\"281\"  frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>How can the poor access loans when they don\u2019t have a credit history or credit score? Last year, FINCA <a href=\"https:\/\/www.fincaimpact.com\/news-insights\/efl-and-finca-partner-to-provide-innovative-credit-scoring-in-latin-america\">partnered with Entrepreneurial Finance Lab<\/a> (EFL), an innovative credit scoring company, to improve lending in Guatemala using alternative credit scoring.<\/p>\n<p>Almost 60% of <a href=\"https:\/\/www.fincacanada.org\/where-we-work\/latin-america\/guatemala\">Guatemalans <\/a>are financially excluded and do not have an account at a formal financial institution. In addition, without credit scores, most of this population cannot access loans to grow their businesses and increase their incomes.<\/p>\n<p>FINCA helps over 30,000 Guatemalans to access small loans, insurance and other financial products to improve their lives. With the help of EFL\u2019s alternative credit scoring system, FINCA will be able to reach thousands more in the country with needed and critical small business loans.<\/p>\n<p>EFL uses alternative data such as psychometrics and cellphone usage information to assess the repayment risk of potential FINCA clients. After filling out an application, a potential client\u2019s data is analyzed in real time to produce a credit score that assesses his or her ability to repay a loan.<\/p>\n<p>\u201cIt doesn\u2019t require that you have two years of history of mobile phone data,\u201d says Bailey Klinger, Co-founder and Executive Chairman of EFL. \u201cWe are able to assess the creditworthiness of the <a href=\"https:\/\/www.fincacanada.org\/impact\/transformed-lives\/financial-exclusion\">three billion people in the world<\/a> who lack credit bureau data.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FINCA partnered with Entrepreneurial Finance Lab (EFL), an innovative credit scoring company, to improve lending in Guatemala using alternative credit scoring.<\/p>\n","protected":false},"author":392,"featured_media":18969,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[151],"tags":[28,155,157],"class_list":["post-42807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en-ca","tag-fintech","tag-partnerships","tag-videos"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Driving Financial Inclusion Through Innovative Credit Scoring<\/title>\n<meta name=\"description\" content=\"FINCA partnered with Entrepreneurial Finance Lab (EFL) to improve lending in Guatemala using alternative credit scoring.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/posts\/42807\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Driving Financial Inclusion Through Innovative Credit Scoring\" \/>\n<meta property=\"og:description\" content=\"FINCA partnered with Entrepreneurial Finance Lab (EFL) to improve lending in Guatemala using alternative credit scoring.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/finca.org\/en-ca\/innovative-credit-scoring\" \/>\n<meta property=\"og:site_name\" content=\"FINCA Canada\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FINCA.International\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-04T19:59:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-04T07:07:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/finca.org\/wp-content\/uploads\/credit-scoring.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Adaptive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring\"},\"author\":{\"name\":\"Web Adaptive\",\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#\\\/schema\\\/person\\\/54da7fbf804c305ac0fd4ce74a719b01\"},\"headline\":\"Driving Financial Inclusion Through Innovative Credit Scoring\",\"datePublished\":\"2017-10-04T19:59:03+00:00\",\"dateModified\":\"2024-11-04T07:07:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring\"},\"wordCount\":227,\"publisher\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/finca.org\\\/wp-content\\\/uploads\\\/credit-scoring.jpg\",\"keywords\":[\"FinTech\",\"Partnerships\",\"Videos\"],\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring\",\"url\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring\",\"name\":\"Driving Financial Inclusion Through Innovative Credit Scoring\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/finca.org\\\/wp-content\\\/uploads\\\/credit-scoring.jpg\",\"datePublished\":\"2017-10-04T19:59:03+00:00\",\"dateModified\":\"2024-11-04T07:07:38+00:00\",\"description\":\"FINCA partnered with Entrepreneurial Finance Lab (EFL) to improve lending in Guatemala using alternative credit scoring.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring#primaryimage\",\"url\":\"https:\\\/\\\/finca.org\\\/wp-content\\\/uploads\\\/credit-scoring.jpg\",\"contentUrl\":\"https:\\\/\\\/finca.org\\\/wp-content\\\/uploads\\\/credit-scoring.jpg\",\"width\":1050,\"height\":600,\"caption\":\"credit scoring\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca\\\/innovative-credit-scoring#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/finca.org\\\/en-ca\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Driving Financial Inclusion Through Innovative Credit Scoring\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#website\",\"url\":\"https:\\\/\\\/finca.org\\\/en-ca\",\"name\":\"FINCA Canada\",\"description\":\"Fighting Poverty With Bold Solutions That Work\",\"publisher\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/finca.org\\\/en-ca?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Organization\",\"NGO\"],\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#organization\",\"name\":\"FINCA Canada\",\"url\":\"https:\\\/\\\/finca.org\\\/en-ca\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/finca.org\\\/wp-content\\\/uploads\\\/FINCA-V-Logo-Sm.jpg\",\"contentUrl\":\"https:\\\/\\\/finca.org\\\/wp-content\\\/uploads\\\/FINCA-V-Logo-Sm.jpg\",\"width\":250,\"height\":250,\"caption\":\"FINCA International\"},\"image\":{\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/FINCA.International\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/finca-international\",\"https:\\\/\\\/www.pinterest.com\\\/FINCAintl\",\"https:\\\/\\\/www.youtube.com\\\/c\\\/fincainternational\",\"https:\\\/\\\/www.instagram.com\\\/fincaintl\\\/\"],\"taxID\":\"805686144 RR0001\",\"address\":{\"@type\":\"PostalAddress\",\"streetAddress\":\"360A Bloor St W, PO Box 68530\",\"addressLocality\":\"Toronto\",\"addressRegion\":\"ON\",\"postalCode\":\"M5S 3C9\",\"addressCountry\":\"CA\"},\"parentOrganization\":{\"@id\":\"https:\\\/\\\/finca.org\\\/#organization\"},\"potentialAction\":{\"@type\":\"DonateAction\",\"name\":\"Donate to FINCA Canada\",\"target\":\"https:\\\/\\\/finca.org\\\/donate\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/finca.org\\\/en-ca#\\\/schema\\\/person\\\/54da7fbf804c305ac0fd4ce74a719b01\",\"name\":\"Web Adaptive\",\"knowsAbout\":[\"Microfinance\",\"Village banking\",\"Financial inclusion\",\"Impact investing\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Driving Financial Inclusion Through Innovative Credit Scoring","description":"FINCA partnered with Entrepreneurial Finance Lab (EFL) to improve lending in Guatemala using alternative credit scoring.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/posts\/42807","og_locale":"en_US","og_type":"article","og_title":"Driving Financial Inclusion Through Innovative Credit Scoring","og_description":"FINCA partnered with Entrepreneurial Finance Lab (EFL) to improve lending in Guatemala using alternative credit scoring.","og_url":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring","og_site_name":"FINCA Canada","article_publisher":"https:\/\/www.facebook.com\/FINCA.International","article_published_time":"2017-10-04T19:59:03+00:00","article_modified_time":"2024-11-04T07:07:38+00:00","og_image":[{"width":1050,"height":600,"url":"https:\/\/finca.org\/wp-content\/uploads\/credit-scoring.jpg","type":"image\/jpeg"}],"author":"Web Adaptive","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring#article","isPartOf":{"@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring"},"author":{"name":"Web Adaptive","@id":"https:\/\/finca.org\/en-ca#\/schema\/person\/54da7fbf804c305ac0fd4ce74a719b01"},"headline":"Driving Financial Inclusion Through Innovative Credit Scoring","datePublished":"2017-10-04T19:59:03+00:00","dateModified":"2024-11-04T07:07:38+00:00","mainEntityOfPage":{"@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring"},"wordCount":227,"publisher":{"@id":"https:\/\/finca.org\/en-ca#organization"},"image":{"@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring#primaryimage"},"thumbnailUrl":"https:\/\/finca.org\/wp-content\/uploads\/credit-scoring.jpg","keywords":["FinTech","Partnerships","Videos"],"articleSection":["Blog"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring","url":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring","name":"Driving Financial Inclusion Through Innovative Credit Scoring","isPartOf":{"@id":"https:\/\/finca.org\/en-ca#website"},"primaryImageOfPage":{"@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring#primaryimage"},"image":{"@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring#primaryimage"},"thumbnailUrl":"https:\/\/finca.org\/wp-content\/uploads\/credit-scoring.jpg","datePublished":"2017-10-04T19:59:03+00:00","dateModified":"2024-11-04T07:07:38+00:00","description":"FINCA partnered with Entrepreneurial Finance Lab (EFL) to improve lending in Guatemala using alternative credit scoring.","breadcrumb":{"@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/finca.org\/en-ca\/innovative-credit-scoring"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring#primaryimage","url":"https:\/\/finca.org\/wp-content\/uploads\/credit-scoring.jpg","contentUrl":"https:\/\/finca.org\/wp-content\/uploads\/credit-scoring.jpg","width":1050,"height":600,"caption":"credit scoring"},{"@type":"BreadcrumbList","@id":"https:\/\/finca.org\/en-ca\/innovative-credit-scoring#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/finca.org\/en-ca"},{"@type":"ListItem","position":2,"name":"Driving Financial Inclusion Through Innovative Credit Scoring"}]},{"@type":"WebSite","@id":"https:\/\/finca.org\/en-ca#website","url":"https:\/\/finca.org\/en-ca","name":"FINCA Canada","description":"Fighting Poverty With Bold Solutions That Work","publisher":{"@id":"https:\/\/finca.org\/en-ca#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/finca.org\/en-ca?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Organization","NGO"],"@id":"https:\/\/finca.org\/en-ca#organization","name":"FINCA Canada","url":"https:\/\/finca.org\/en-ca","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/finca.org\/en-ca#\/schema\/logo\/image\/","url":"https:\/\/finca.org\/wp-content\/uploads\/FINCA-V-Logo-Sm.jpg","contentUrl":"https:\/\/finca.org\/wp-content\/uploads\/FINCA-V-Logo-Sm.jpg","width":250,"height":250,"caption":"FINCA International"},"image":{"@id":"https:\/\/finca.org\/en-ca#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/FINCA.International","https:\/\/www.linkedin.com\/company\/finca-international","https:\/\/www.pinterest.com\/FINCAintl","https:\/\/www.youtube.com\/c\/fincainternational","https:\/\/www.instagram.com\/fincaintl\/"],"taxID":"805686144 RR0001","address":{"@type":"PostalAddress","streetAddress":"360A Bloor St W, PO Box 68530","addressLocality":"Toronto","addressRegion":"ON","postalCode":"M5S 3C9","addressCountry":"CA"},"parentOrganization":{"@id":"https:\/\/finca.org\/#organization"},"potentialAction":{"@type":"DonateAction","name":"Donate to FINCA Canada","target":"https:\/\/finca.org\/donate"}},{"@type":"Person","@id":"https:\/\/finca.org\/en-ca#\/schema\/person\/54da7fbf804c305ac0fd4ce74a719b01","name":"Web Adaptive","knowsAbout":["Microfinance","Village banking","Financial inclusion","Impact investing"]}]}},"_links":{"self":[{"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/posts\/42807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/users\/392"}],"replies":[{"embeddable":true,"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/comments?post=42807"}],"version-history":[{"count":2,"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/posts\/42807\/revisions"}],"predecessor-version":[{"id":55623,"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/posts\/42807\/revisions\/55623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/media\/18969"}],"wp:attachment":[{"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/media?parent=42807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/categories?post=42807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finca.org\/en-ca\/wp-json\/wp\/v2\/tags?post=42807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}