Posts by Jonny Price
NB Financial Health
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The Power of Social Underwriting: Kiva Zip, on why it pays for lenders to tap the wisdom of the crowd
Social underwriting, ie: assessing borrowers’ creditworthiness by tapping into their existing trust networks, is a time-honored principle in community banking. And it’s increasingly being combined with digital tools to expand access to capital for borrowers that conventional lenders might reject as too risky or unprofitable. Kiva Zip’s senior director describes four ways they are implementing the approach.