Social Lender is a social lending solution developed by Bincom ICT Solutions using Social media platforms. Small cash requests are offered to members of a Banks social media communities that have a valid Bank account with the designated bank. Cash requests are guaranteed based on the user’s Social profile and reputation.
Social Lender is an easy way to get quick cash when you do not have money in your bank account or in case of an emergency. To begin the process, the User’s Social media information/profile is assessed based on a proprietary Social Algorithm to calculate a user’s Social Reputation Score.
Users are eligible for a cash request with a minimum social reputation score and cash requests are granted on a case by case basis after extensive Social Audit on the requesting user.
Social Lender was recently awarded the Innovating ICT Banking Product of the Year at the Nigerian Telecom Awards 2014.