Social Lender is a lending solution based on social reputation on mobile, online and social media platforms.
The solution is designed to bridge the gap of immediate fund access for people with limited access to formal credit. Social Lender uses its own proprietary algorithm to perform a social audit of the user on social media, online and other related platforms and gives a Social Reputation Score to each user. Loans are guaranteed by the user’s social profile and a network allowing users to then borrow from banks and other financial institutions based on their social reputation. (edited)
Social Lender offers loans from 1000 to 100,000 Naira to users using your social reputation as collateral.