0.1% default: How Moni Africa leverages social trust to finance mobile money agents

Across Africa, many startups are solving the float problem for small businesses in one form or another. What makes Moni Africa unique is that while its peers rely on databases of local credit bureaus to give out loans (and record alarming default rates of at least 30%), the startup operates a community lending system it claims has helped achieve a 99.9% repayment rate.