social lender corporate profile 2016 v2
TRANSCRIPT
pageSocial Lender 1Incubated by Bincom ICT Solutions
Corporate Profile
pageSocial Lender
. About Social Lender
Social Lender is a lending solution
based on social reputation on mobile,
online and social media platforms.
Cash is offered to online communities
of financial institutions for pay back
within a short period with a
transaction charge.
Social Lender is built around the concept of Microcredit
based on a Users’ Social Reputation. Loans are guaranteed
by the User’s Social profile & network
The solution is designed to bridge the gap of immediate
fund access for social media users and create an easier
access to market for financial institutions. Social Lender is
patent-pending and licensed to financial institutions.
Social Lender is a company created to operate, manage and
license the solution in the various countries of operation.
2
pageSocial Lender
User registers on the co-labelled Platform
with our partner financial Institution.
User obtains a Social Reputation Score
after a Social Audit using our proprietary
algorithm
Social User applies for Micro-credit on the
Social Lender platform
User must agree to all terms & conditions
and satisfy partner bank’s business rules.
If approved, User is then credited via
existing Bank or Mobile Money Channels
A fast , simple and secured repayment
process is built into the solution.
Financial transactions on the Social
Lender are done via our interface with
Partner Banks. Users will receive the
requested cash directly into their
Account upon Approval based on Social
Reputation Score
3
Social User applies for
Micro-Credit
Social Lender on-boarding process (if first
transaction)
Social Audit & Social
Reputation Scoring
User receives Cash in Account
User withdraws cash from
regular channels
User must Repay Loan
to qualify for another
. Solution Overview
pageSocial Lender 4
. Key Features
Pay with Social Lender is our payment solution for Retailers & Ecommerce Partner Sites
to increase their sales by offering microcredit to Users directly on their channel. We are
implementing Pay with Social Lender Ecommerce Portals within our countries of
Operation to enable users obtain instant credit while shopping
Pay with Social Lender
Once registered, Users can get access to quick cash from their mobile phone
(internet enabled or not) by simply sending an SMS or USSD request to Social
Lender. Other User Channels & Interfaces include Web App, Mobile App, Our
Partner Bank’s Mobile App, ATM , Internet Banking Platforms and Pay with Social
Lender
SMS , USSD & 7 Other User Interfaces
Social Lender also leverages on the User’s Social Community to qualify the user in
form of a Social Guarantor and Referee. As a Guarantor, The User agrees to pay
should the borrower defaults on their loan. The more Social Guarantor a User has
the better their Social Reputation Score. This is a new Social Network for Credit.
Social Guarantor & Referee
And many more Features
The Social Reputation Score Card is a method of assessing ‘willingness’ to pay
Willingness to pay is arguably a better measure than affordability (when assessing
non-asset backed lending). Our Social Reputation Score Card, an alternative credit
scoring solution, gives the potential to access untapped markets
Social Reputation Score
pageSocial Lender 5
. Product Demo
For Live Demo, Visit
www.sociallenderng.com
Solution can also be
deployed on Partner URLs
Desktop Version
Mobile Web Version
To Financial Institutions (1 min Video)
https://www.youtube.com/watch?v=HhzSferx7V0
Demo for Users (2 min Video)
https://www.youtube.com/watch?v=HAMPkKbBbnA
pageSocial Lender 6
. Why Choose Social Lender ?
Number of UsersCountries Of Operation Bad Debts
2 10k+ < 4%
An expected bad debt profile of
about 5 - 7% of loans is anticipated
and provisioned for in the business
model of our partnership with each
Partner Financial Institution.
Social Lender has her foot in
Nigeria and South Africa with
more partners in other
countries coming on board in
the future
With easy accessibility from all
Web, Social and Mobile
Platforms. Social Lender can also
be integrated into our Partner
Banks platform using various
modular solutions
We believe this is the next evolution
in the Micro Credit & Lending Space.
Our proprietary algorithm, vast
network for credit, social reputation
scoring sets us apart
Users are borrowed short term
funds on the basis of their
Social Reputation thereby
helping the Bank build a new
class of Social Analytics
hitherto unavailable.
There is little financial risk to the
Bank as Loans are from predefined
Merchant Purse for each
partnership
The Banks are able to operate
in a demography that has
hitherto been neglected
because of the cost to serve
the market
With an addressable market size of
30million Users in Nigeria Alone &
over half a billion In Africa, this is a
product perfectly fit for retail
operation of our partners.
Partners
Partners are able to use our end
to end managed service or
specific modules like the social
reputation scoring as an
alternative or addition to regular
credit scores, Social Guarantor
for KYC and much more
pageSocial Lender 7
. Partner Bank Testimonial
“Our friends on Facebook or Twitter can apply for quick cash by visiting the Social Lender
site. Users who request for the loans on the Social Lender platform are rated by the algorithm
that calculates their social reputation using various criteria and based on this, the request is
either granted or rejected,”
Our target market has been faithful to the terms of the agreements reached during the launch
phase, they have been faithful with repayment and this has inspired confidence.”
see full press conference at: http://www.ngrguardiannews.com/2015/03/sterling-bank-raises-
online-loan-scheme-s-limit-to-n10-000/#sthash.JSqs4A87.dpuf
Shina AtilolaGroup Head, Strategy and
Communications.
STERLING BANK PLC
- Winner, Innovative Banking Product of the Year - Nigeria Telecom Awards 2014 - September 2014
http://pulse.ng/tech/social-lender-nigerian-bank-wins-innovative-ict-product-award-id3147690.html
- Nominee, Best New Product or Service - EFMA Accenture Innovation Awards 2015 - September 2015
http://www.efma.com/index.php/resources/articles/detail/EN/1/509/1-1TIM70
- Nominee, Most Disruptive Innovation - EFMA Accenture Innovation Awards 2015 - September 2015
http://www.efma.com/index.php/resources/articles/detail/EN/1/509/1-1TIM70
- 1st Runner Up, Technology Project Of The Year - Nigeria Technology Award 2015 - October 2015
http://www.nigeriatechnologyawards.com/
AWARDS
&
NOMINATIONS
Find our User Testimonials on Social Lender: The Blog – http://blog.sociallenderng.com
pageSocial Lender
. Our Founders
Faith EkwebelamCo Founder & CEO
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Bade AdesemowoCo Founder & CTO
Bade has over 15 years
experience in Software Design
and Application Development.
He holds an MBA from the Lagos
Business School and won the
Future Awards 2010 in the
category, Best Use of
Technology .
• with future improvements.
Faith has over 7 years in Sales
and Investment Banking at BGL
Plc with an MBA in view at
believes in entrepreneurship.
the Warwick Business School.
She enjoys Challenges and
strongly
pageSocial Lender 9
. Contact Info
facebook.com/Sociallender
twitter.com/Sociallenderng
+2348023223796, +2348035935140
Social Lender
2nd Floor, 21 Araromi Street, Onikan,Lagos
Nigeria
+234 701 1954 852