Juancho Te Presta (Colombia) designs digital credit solutions for women customers to address gender disparities in financial inclusion. It develops special scorecards for women customers, who are given better terms (lower cost of instalments than men) due to the belief that women have lower NPL rates than men. JUANCHO TE PRESTA is one of Colombia’s fastest growing fintechs, that aims to increase financial inclusion through 100% digital credit solutions for women, gig workers, entrepreneurs and students.  The fintech lender has disbursed more than $13M USD over 27,000 loans since 2019, over 60% of which are to women, using state-of-the-art technology including AI, proprietary algorithms, and biometric verification to allow underbanked groups to apply for a loan in just ten minutes. 

 

At JUANCHO TE PRESTA, we believe that everyone deserves to have access to fair and easy-to-access financial services, especially those in strata 2, 3 and 4, who often do not have the opportunity to obtain credit. We are working to close that gap and offer people the opportunity to improve their quality of life through our loans. Juancho Te Presta, has adopted an intentional approach to designing digital credit solutions for women customers to address gender disparities in financial inclusion. It has collected sex disaggregated data (SDD), identified a business case for serving women, and customised its products for well-performing sub-segments. It aims to create customised credit solutions that address women’s unique needs across different economic segments