The new service will cover individual MFI customers who live in urban areas and have an android phone. Mumbai: Lenddo, a credit assessment financial technology company that uses non-traditional tools, is expanding its rating services to include microfinance institutions (MFIs), said a top executive. Leading MFIs will be on board within six to eight weeks, said Abhinav Haldia, country director (India) at Lenddo. The new service will cover individual MFI customers who live in urban areas and have an android phone. Lenddo will give its own score for these borrowers which will give an additional yardstick for MFIs to assess them.

Source: Mint October 23, 2016 15:00 UTC