Successful financial inclusion tool model to expand with digital KYC checks

A digital cash flow lending tool meant to facilitate access to loans for rural women in Nigeria is said to have “yielded promising results,” and there are now plans to expand the innovative financial inclusion technology.

According to an article on the World Bank’s blog, the digital tool was developed by the Bretton Woods institution in collaboration with Women Entrepreneurs Finance Initiative (We-Fi) and two commercial banks.

Designed specifically to respond to credit needs of women-led small and medium-sized enterprises …

access africa article bank biometrics biometrics news blog cash digital digital-identity financial financial inclusion financial services flow id for all inclusion kyc lending loans nigeria plans results rural technology tool women world world bank