BuenAmigo
Country: Colombia
City: Medellin
Stage: Beta: beta version developed and in testing with a private set of users
Industry: Financial Services: Fin Tech
BuenAmigo is a fund that lends money to low income population and base its credit scoring and quota by financial literacy
Low income population in Colombia and LATAM have very limited credit options, most of the informal lenders that have absurd interest rates.
BuenAmigo lend money to this population at low interest rates, and use unique model for scoring the credit and assign the quota.