“The implementation of the new scoring tool Orange was key to tripling the number of loans, reaching a maximum of 500,000 granted in November. This innovative functionality is designed to provide access to credit even to those people with no history in the traditional financial system,” he highlights. Nicolás Alsina, Product Head at Orange X.
Regarding the modality, 95% were granted digitally, which demonstrates an important advance not only in the digitalization of personal finances, but also in the access allowed by technological tools.
“We are proud to share that during this year 75,000 people obtained their first financial product through Orangemanaging to provide access to new solutions that promote greater financial inclusion,” he adds. Alsina.
Regarding the amounts, they ranged from microcredits of $5,000 to loans of $1.5 million, with an average of $50,000. The use was preferably aimed at construction or home repairs, the acquisition of goods or services, cancellation of debts and working capital for businesses or ventures. The most used payment terms were 6, 3, 12 and 9 installments respectively.
32% of applicants Orange is between 18 and 27 years old, followed by the 28 to 36 year old group with 27%; and third place is occupied by people between 37 and 45 years old with 18%.
And by 2024? This year Orange seeks to exceed 4 million loans granted, and thus continue working on financial inclusion, improving access and support for people in the daily use of their money.
2024-01-18 03:02:08
#Orange
