Sevi Affordable finance to grow entrepreneurs

Sevi offers a digital infrastructure to provide Microfinance in an efficient and effective way, drastically reducing the operational costs, risks and the associated interest rates on Microfinance. Sevi is build around group solidarity and has translated this proven offline mechanism in Microfinance into an online digital group lending model.

Sevi has developed a simple-to-use mobile app with a fully automated verification and KYC proces, reputation scoring and wallet for Microfinance. Only two smartphones per group are required. The chair of a loan group creates a group and adds its members (just like in WhatsApp). Group members receive an invite through SMS to join the group and are run through a KYC process to be verified on phone number, name, ID and CRB rating. Through gamified reputation scoring individuals and groups can increase their benefits. The main advantage for groups is instant access to external credit at affordable rates.

Sectors Creative, media and entertainment
Location Utrecht, Netherlands
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