That is, non-financial positive payment information, such as rents or utility payments, may give credit agencies enough information to rate previously unscorable individuals known as the unbanked.
When a disaster strikes, those who are unbanked and have no means of obtaining loans through traditional credit institutions have nowhere else to turn.
The bank's previous status as a savings and loans company, the report noted, positioned it to mobilise deposits from a largely unbanked market segment.