Revolutionizing Financing for the Underserved
Access to financing remains a significant challenge for underserved populations due to inefficiencies in traditional lending solutions. Temba’s digital platform tackles these issues with cutting-edge solutions, ensuring efficient and data-driven lending and risk management.
The major challenges Temba is solving include
Insufficient due diligence on borrowers
Insufficient data on borrowers’ personal and business details hinders effective due diligence, thereby increasing the risk of default.
Solution
Temba’s dynamic electronic due diligence platform collects and updates critical borrowers’ information in real time. This includes tracking items such as borrowers’ rents, mortgages, and utility payments, among others.
Impact
Enhances visibility into who and where each borrower is operating from in real-time, thereby enabling quick lending decisions and credit monitoring at scale.
Difficulty underwriting credit due to insufficient insight into borrowers’ financial behaviours and business operations
Financial Institutions generally have limited historical and realtime insight into borrowers’ performance vis-a-vis their financial obligations with third parties and rely on borrowers’ good faith to provide factual information about their business operations which in most cases is skewed to facilitate approval rather than a true reflection of the status of their business operations.
Solution
- Seymelo’s digital platform collects financial behavior data to generate dynamic credit scores, enabling rapid, accurate credit evaluations.
- Temba leverages borrowers’ real-time business operations (supplies, sales, and cash collection) data obtained from Seymelo platforms to structure financing solutions that align with borrowers’ financing needs and operating cycles.
Impact
- Appropriate risk pricing and improved profitability.
- Streamlined loan processing and quick decision-making.
- Processing of high-volume lending with precision.
Difficulty monitoring the use of and repayment of approved financings
Most approved financings are disbursed directly to borrowers, and repayment is usually at their discretion, with insufficient tools to monitor or track timely repayments at scale.
Solution
Use of early warning triggers based on borrowers’ real-time due diligence and business operations (supplies, sales, and cash collection) data to alert Financial Institutions of potential defaulters, thereby enabling them to take timely and appropriate actions.
Impact
- Reduced expenditure on credit monitoring and loan recoveries
- Reduced Non-Performing Loans (NPL)
Key Platform Features
Real-Time Monitoring
Dynamic data collection and real-time borrower tracking for instant decision making.
Risk Mitigation
Advanced early warning systems to reduce defaults and non-performing loans.
Scalable Operations
High-volume lending processing with precision and automated decision-making capabilities.