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A smart loan for people with no credit history (yet)

TED,

DESCRIZIONE

Trust: How do you earn it? Banks use credit scores to determine if you're trustworthy| but there are about 2.5 billion people around the world who don't have one to begin with -- and who can't get a loan to start a business| buy a home or otherwise improve their lives. Hear how TED Fellow Shivani Siroya is unlocking untapped purchasing power in the developing world with InVenture| a start-up that uses mobile data to create a financial identity. ""With something as simple as a credit score|"" says Siroya| ""we're giving people the power to build their own futures."