Project Everest

Archived
Social Consulting

Social Consulting and Finance - Fiji

71
277
186
258

Bridging the gap between small to medium businesses in developing countries and loan providers.
Vision: Thriving business ecosystem accessible to all.

PROBLEM
Business owners struggle to understand the information required by loan providers to be approved for a loan. As a result, they often have significant delays in getting their loans approved, or receiving rejection, due to the documentation needed.
On the flipside, lenders and financial institutions find it difficult to risk profile their customers, as many of them don’t have the financial reporting and accounting information necessary to justify taking the risk of working with them.
PEV aims to improve access to capital for small to medium businesses and consumers seeking to get loans.

More >

 

Filters

Challenge Themes

Tags

Tags

View More

Status Labels

Status Labels

View More

Top Contributors

  1. Rose Martin
    937 pts
  2. Kurt Michl
    494 pts
  3. William Lee
    335 pts
  4. Seif Zakri Stacey
    314 pts
  5. Naomi Boulton
    284 pts

View leaderboard

Sort by
Adopted Experiment

Lean Phase: Problem/Customer Segment Experiment is to be run concurrently with: https://projecteverest.crowdicity.com/post/2002270 Assumption: FI’s can be a potential early adopter for PEV. They: Have identified the problem of accessing or profiling customers due to poor processes and strict requirements. This means they are missing out on viable customer segments such as small businesses.  Are aware of the fact that they have this problem accessing or profiling...

by Kenneth C
0 Votes
Comments 1
Kenneth C
Adopted Experiment

Lean Phase: Problem/Customer Segment This experiment is to be run concurrently with SoCon I To be conducted concurrently with:  https://projecteverest.crowdicity.com/post/2002280 Assumption: Individuals must complete set requirements to access a minimum loan.  Time Box: 3 Weeks Success Metric:  % of FIs that have set loan requirements Goal: Interview 10 FI’s Criteria: Green Light: Go on to offer test micro-businesses  Success Point: 60% of FIs have set loan...

by Fiona Ye
0 Votes
Comments 1
Fiona Ye
Share