Ashker Credit Solution MVP
A minimum viable product for a credit solution company in Ethiopia.
Overview
Ashker Credit Solution is a fintech platform designed to provide accessible credit services to small businesses and individuals in Ethiopia. The MVP focused on core functionality to validate the business model before further investment.
The system includes user registration and verification, loan application processing, credit scoring using alternative data sources, and a repayment tracking system. The admin dashboard provides comprehensive analytics on loan performance and user behavior.
I led the backend development, focusing on creating a secure and scalable API that could handle the complex business logic while remaining flexible for future expansion.
Challenges
- Developing a credit scoring algorithm with limited traditional credit data
- Ensuring compliance with local financial regulations
- Creating a secure system for handling sensitive financial information
- Building a solution that works with Ethiopia's unique payment ecosystem
Solutions
- Implemented alternative credit scoring using behavioral and transactional data
- Worked closely with legal experts to ensure regulatory compliance
- Used encryption and secure coding practices for handling financial data
- Integrated with local payment providers and mobile money services