PEPPER GLOBAL
Title of the video
respects . It ' s often seen as the way that the middle classes grew up in nations , that notion of becoming increasingly financially inclusive .”
Weighing up the challenge Day believes the opportunities by far outweigh the difficulties , even though one of the challenges is that as people enter the world of borrowing in particular , the commitment that they ' re taking is quite often misunderstood or poorly understood . “ Part of our job is to be a responsible lender . Being mindful of bringing customers into a lifetime journey is incredibly important . We do that in a way that suitably informs them , and gets them into a position where they understand their commitments , and that we lend to them in a responsible fashion .”
2000
Year Pepper Global was founded
And establishing some sort of profile on customers without a credit history is far from impossible because data can provide key indicators on loan repayment capacity . “ Without credit files and credit bureaus , we ' re quite often reliant on data that acts as an alternative to traditional credit scores ,” says Day .
“ We ' ve had to learn the hard way in terms of what data is valuable in those processes and see that partnering with ecosystems in that respect is a valuable way to progress into emerging markets .”
“ That ’ s not to say that traditional credit data isn ’ t important . It ' s critical where it exists , but either where it is lacking or non-existent , seeking alternative methods is a necessity .”