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| Feb 12, 2020 | » | Financing the Disadvantaged
4 min; updated Nov 29, 2022
Short Term LoansA common narrative for loan providers is financial inclusion. 69% of global adult population is not covered by credit bureaus. Using non-traditional data (e.g. text messages, location, contacts, call logs), more people can get scored. |
| May 20, 2020 | » | Unorthodox Startups
1 min; updated Sep 5, 2022
Innovation Africa & Water AvailabilityBring in Israeli solar panels and drip irrigation. Pump water from the large reservoirs below. Cost $7,000. Adapting to community: 6-8 weeks on committees, bank accounts; mobile charging stations and barbershops using solar panels for sustainability. Can’t sell the water, but you can subsidize it with complementary products. Set up remote monitoring with real time stats in order to schedule maintenance. Honorable MentionsPush Party by MSCHF is valued at $200m, led by The Founders Fund. ... |
If only \(x\%\) of people pay you back, then \(\frac{x}{100}(1 + r) \ge 1 \) suggests \(r \ge \frac{100}{x} - 1 \). If \(75\%\) tend to pay back, \(r = 33\frac{1}{3} \%\).
If the rate is actuarily fair and is conveyed clearly to borrowers, is there a moral issue? If your math says lots of people will default and you choose to go ahead anyway, what does that make you?
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