Business, 05.05.2020 16:57 marmar69

How does Siroya use mobile data to create a financial identity?

What were Jenipher’s options for getting a loan?

What is one data point that shows a good propensity to pay a loan back?

How has Jenipher’s life improved as a result of the loan using Siroya’s technology?

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Answer from: saif27

The benefit of using mobile financial investment

see below

Explanation:

How does Siroya use mobile data to create a financial identity?

Siroya explains that a they have created a mobile application that can establish credit card scores utilizing mobile data after making an in route in establishing trust and open up financial access for those without credit card scores. Thru data captures of financial transactions on mobile devices, they were able to create financial identities for two billion five hundred million people .

What were Jenipher’s options for getting a loan

Jenipher will explore the option of micro loans Jenipher will have to form a group or an association to access the micro loans to stand as a guarantor for her Loan proportion will be too small to impact positively on her businessLoan sharks is another option but the risks are too weighty

What is one data point that shows a good propensity to pay a loan back?

In Jenipher situation the mobile app was able to pinpoint a good potential of credit history

How has Jenipher’s life improved as a result of the loan using Siroya’s technology?

Jenipher recorded savings of 6% after using the mobile app and her business improved tremendouslyShe added food stall and restaurant

Answer from: Quest

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

Answer from: Quest

You cannot. you can use a walmart gift card to buy any merchandise at walmart store only.

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How does Siroya use mobile data to create a financial identity?

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