#SocialLender #Selfiechallenge on Facebook

We are  currently running #SocialLender #SelfieChallenge on our Facebook Page. It will run till September 15th and the Selfie with the most number of likes will win the prize.

It is easy to enter. Just submit a cool group selfie with friends and post it as a comment below the post on the Social Lender Facebook Page.

sefie-challenge-dp

You can submit an entry by visiting: http://www.bit.ly/sociallenderselfiechallenge

We have seen some amazing entries. Will yours be one of them?

Social Lender BBC News Feature: How your social media reputation could secure you a loan –

directiona_1Social Lender was featured in the BBC news feature article with the title “How your social media reputation could secure you a loan”.

Find below some excerpts

“For example, Nigeria’s Social Lender looks at borrowers’ social media profiles to assess their creditworthiness.

One of the issues lenders face is that it is near impossible to obtain adequate data about people, particularly in rural areas. So mobile and web are proving useful ways of gathering it.

Social Lender uses its own algorithm to assign a “social reputation score” to each user, with “social guarantors” acting like referees validating their trustworthiness.

As the youth-orientated website strapline has it: “Get rep, get cash, stay fly”.

“The solution is designed to bridge the gap of immediate fund access for people with limited access to formal credit,” says co-founder Faith Adesemowo.”

 

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