In developing countries where cash remains king and credit ratings are rare, lenders are leery to loan to first-timers (i.e., most small businesses), leaving entrepreneurs with few options to grow their microenterprises.
Until now. MasterCard has partnered with the Harvard-spawned Entrepreneurial Finance Lab (EFL) to break through this impediment to global progress with a psychometric loan test designed to weed out the risky borrowers from the worthy.
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