About the Project

Credible aims  to help micro-entrepreneurs in India build financial track records without formal credit histories. By using this simple application on their mobile, users will be able to log their daily transactions through secure open-source digital payment systems. This data will then be used to generate an alternative credit score giving micro-entrepreneurs a way to prove their creditworthiness and access formal financial services.

Credible is working with micro-lenders and NGOs to ensure that the tool is practical, accessible, and user-friendly. The application is currently in the beta stage, and Credible is collaborating with an NGO to pilot the platform with a starting group of 500 users. Additionally, Credible will launch a survey to understand how micro-lenders assess creditworthiness and use the data to refine the credit-scoring model. A detailed app plan will also be developed to demonstrate the function and design of the tool.