BigData Analytics Zambia

BigData Analytics Zambia is both MONEY LENDER & CREDIT PROVIDER company which helps Entreprenuers and Consumers build their Credit Histories through multiple Credit facilities to multiple lenders. BigData Analytics Zambia also issue BigData Analytics Zambia branded Cheques and/or VISA/Mastercard Secured Credit Cards through partner Commercial Banks for the same purpose.

We report Credit to:

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EXISTING/NEW ACCOUNT HOLDER ACCESS

SECURED CREDIT CARD, CASH/ASSET CALCULATOR

(assume all values are in Zambian Kwacha)

Who can BigData Analytics Zambia help?

BigData Analytics Zambia offer its services to individuals and companies with:

No credit (loan) history,

Poor credit (loan) history, 

Limited credit (loan) history and 

Declined credit (loan).

Asset or Reputational Collateral?

Asset Collateral is when you use a Property (House, Building, Vehicle etc) as security for borrowing funds. Reputational Collateral is when you build history of paying back the loan or bills on time through Credit Reporting.  In this case credit reporting allows borrowers to build a credit history and to use this “reputational collateral” to access formal credit outside established lending relationships. This is especially beneficial for small enterprises, individuals and new borrowers with limited access to physical collateral. Stylized evidence from the recent financial crisis also suggests that positive credit information helped to safeguard the financial access of creditworthy borrowers that would have otherwise been cut off from institutional credit. Source: World Bank

CUSTOMER SURVEY

The Zambian Government

National Financial Inclusion Strategy (NFIS) 2017-2022

The vision of this NFIS is to have universal access and usage of a broad range of quality and affordable financial products and services. In achieving this vision, it is expected that all Zambians will reap the full benefits of financial inclusion: that is, individuals will be able to use appropriate savings, credit, payment, insurance, and investment services to manage risks, plan for the future, and achieve their goals; and firms will be able to access affordable financing to innovate, grow, and create employment.  

What is the Big deal with Big Data today?

Three billion people are underserved by the world’s financial sector, with limited or no access to quality savings, credit, insurance, and payments. Previous industrial reports have highlighted big data's incredible potential to create a financially inclusive world. The sheer volume of data produced today is staggering: every half hour, the internet - combined with internet-connected devices such as smartphones, computers, and home appliances that use electronic sensors to record and transmit usage information - is generating digital data equal to all of the written works in human history (ACCION, 2017).

 Over 40 percent of Zambian adults are excluded from the financial sector; and nearly 80 percent do not use financial products and services from regulated providers. Significant discrepancies also remain between rural and urban areas, men and women, youth and adults, and SMEs and large firms. The potential to leverage digital technologies, to reduce costs and expand the reach of the formal financial sector has not yet been fully realized. Nonbank financial institutions like microfinance institutions, insurance companies, and pension providers have limited reach (NFIS, 2017).

Big Data is here to create a financially inclusive Zambia