Shivani Siroya, 33, is the founder of Tala Mobile, a four-year-old company based in Santa Monica, CA, that makes micro-loans in Kenya, Tanzania and the Philippines. To evaluate creditworthiness, Tala offers a smartphone app that would-be borrowers download onto their cell phones. The app gives Tala access to a range of data, from basic biographical information to the number of people loan applicants contact on a daily basis. Tala can see the size of the applicant’s network and support system.
For more on this story visit the following link: How Tala Mobile Is Using Phone Data To Revolutionize Microfinance