Panel: Overcoming the Challenge of Credit Access in the Fintech Industry

Access to credit and other financial products is still a challenge for the majority of Africans with only 34% of adults in Sub-Saharan Africa having access to a formal credit product. This makes it difficult to start businesses, invest ineducation, and improve living standards.

• Leveraging Data: Examining how fintechs are utilising technology and alternative data sources like mobile phone usage data and social media data to assess credit risk.

• Microfinance: How are SMEs leveraging Microfinance institutions to gain access to loans? Assessing the impact of microfinance on the informal sector in Africa, fostering economic growth and entrepreneurship.