Kiva's Encore program is a social impact investing initiative that connects socially responsible investors with individuals in need of small loans. As a lender, you can access lending data and tools to help you evaluate your suitability as a borrower.
The Encore data products are designed to provide lenders with a comprehensive understanding of the borrowers they may be funding. This includes information on creditworthiness, income levels, employment history, and more.
Once you've registered as a lender through Kiva's website, you'll have access to the Encore dashboard. This is where you can view your lenders' profile, including their creditworthiness data, income levels, and other relevant information.
You can also use this dashboard to evaluate borrowers based on their needs and risk profile. By analyzing lender data and borrower reports, you can make more informed lending decisions that benefit both parties.
Kiva is working to increase participation in the Encore program by providing lenders with a range of tools and resources to help them succeed. This includes training materials, lender support services, and more.
To further encourage lenders to join the Encore program, Kiva is also promoting social impact investing and community development projects that address some of the key risks associated with lending data. By supporting these initiatives, lenders can benefit from a range of positive outcomes for both themselves and their borrowers.
Here's an example of how you might use Encore data to evaluate borrowers in the Lafayette, Co area. For instance, by analyzing creditworthiness reports and income levels, lenders like Kiva can identify individuals who are more likely to repay their loans.
This is just a small sample of what lenders like Kiva can do with Encore data. By working together, we can create a stronger, more resilient community that benefits everyone involved.