gnuGrid CRB

Tip of the day: Stay on top of your payments! Paying your loans in full and on time each month not only demonstrates to lenders that you’re a trustworthy borrower but also helps build a positive credit history. Remember, long-standing, well-managed accounts can boost your score. #gnuGridAirtelMobileCreditScore #CreditScore #FinancialInclusion

*The impact of the score on unsecured loan book* The two lenders, referred to as 1 and 2, are part of our expanding customer base that recently introduced their digital loan product utilising the MNO score. The image below clearly demonstrates that the score effectively ranks risk, with AAA-rated customers repaying on time in contrast to DDD and EEE customers who fall into the highest risk categories. For lender 1, AAA-rated customers exhibit a 15.9% first payment default rate, indicating that 84.1% of these customers paid on time without any reminders. Under lender 2, the first payment default rate for AAA-rated customers is 5.9%, meaning that 94.1% paid on time voluntarily and without reminders. Overall, 79.3% of all borrowers across various risk levels under lender 1 settled their payments on time, while 77.2% of those under lender 2 did so - as well. With collection strategies such as SMS repayment reminders, proactive engagement through a dedicated call centre, and listing defaulters with the CRB, lenders can reduce the default rate to between 1 and 2%. Bank of Uganda Uganda Bankers' Association Uganda Microfinance Regulatory Authority (UMRA) FITSPA Uganda Opio Obwangamoi David

#UgandaAt62 #HappyIndependenceDay

Our valued customers, thank you for choosing gnuGrid CRB! Here’s to going Above and Beyond—every day! 🌟 👏👏🎉 #gnuGridCRB #CustomerServiceWeek #CSW2024 #AboveAndBeyond

To our valued customers: Your satisfaction is our highest goal, and your success is the review we treasure most. Every challenge we help you overcome, and every deadline we meet fuels our passion to serve you better. Your trust and loyalty define our purpose, and we remain dedicated to putting you first in all we do. Thank you for trusting gnuGrid CRB! Here’s to going Above and Beyond—every day! 🌟 👏👏🎉 #gnuGridCRB #CustomerServiceWeek #CSW2024 #Above&Beyond

This week, we plan to reveal crucial insights into the impact of the mobile score on digital lending since its launch in January 2024. Don't miss out on these insights and the potential ways you can utilize the mobile score as a lender to pinpoint prospective customers. FITSPA Uganda Digital Lending Association

Let's envision the future of lending together. gnuGrid CRB is constantly innovating to empower lenders with the tools to provide affordable credit to those in need. The story of Jane, described in this video, is one that drives gnuGrid CRB to create disruptive ideas daily. The e-commerce of digital loans "lona market" has arrived, and it's quite fascinating. Make sure not to miss it. FITSPA Uganda Financial Sector Deepening Uganda (FSD Uganda) Mastercard Foundation Bill & Melinda Gates Foundation Airtel Money Uganda Japhet ARITHO Opio Obwangamoi David

Last Friday, at the 6th FITSPA Annual Fintech Conference 2024 - FITSPA Uganda, themed "Collaborations for Growth," we discussed the impact of digital mobile scoring on the loan portfolios of various lenders. It was enlightening to hear from different lenders about how the mobile scoring system, launched in partnership with Airtel Money Uganda , has aided in risk minimization and borrower identification. Such innovations promise to further enhance digital credit access for last-mile customers. Japhet ARITHO Centenary Bank Letshego Uganda Ltd Sumayyah Nakimuli Sengendo Opio Obwangamoi David

Centre: Our Head of Projects, Lionel Kabenge, participates in an insightful session on leveraging data partnerships to enhance financial access in agriculture. The discussion centers on fintech collaborations with financial institutions to open up new opportunities for farmers. #FAFC2024 #FITSPAConf2024

Join us today at the #FITSPAConf2024 for an insightful breakout session as we dive into the transformative role of the digital mobile credit score in shaping the lending landscape and loan portfolios across various financial institutions. Register now: https://bit.ly/FAFCTickets #FAFC2024