Winners will be announced on June 29, 2021!
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Cisco Global Problem Solver Challenge 2021

$1 Million USD in Prizes

Calling All #TechForGood Startups

How can your early-stage innovative technology solution solve the world’s most pressing social and environmental problems?

Aeloi Technologies

Aeloi Technologies

aeloi.com

 

In the informal sector in emerging markets, audits on microentreprises are nearly impossible. As such, microfinance business loans and personal loans often have the same interest rate. Aeloi Technologies is one of the first digital innovations to tackle this problem. We are a software for financial institutions to disburse digital loans that can only be spent within an ecosystem of accredited vendors. An agriculture loan can only buy from agriculture related goods and services providers. The monitoring of loan end-use provides real-time insights, like an automatic audit. With Aeloi, the microfinance is assured the loan is used towards productive assets. The repayment probability is higher and thus interest rates can be lower.