Bundle 1
Bundle 1 is a sophisticated credit assessment product that leverages Kamoa's alternative data capabilities to provide a significantly enhanced and more accurate credit score. It combines traditional credit bureau information with a rich set of behavioral and financial data to offer a more comprehensive understanding of a client's creditworthiness, especially for individuals with limited or "thin" traditional credit files.
What is Bundle 1?
The Bundle 1 goes beyond conventional credit scoring by incorporating a dynamic blend of alternative data. While utilizes direct bank/mobile money statement PDF uploads for cash flow analysis, Bundle 1 primarily relies on Kamoa Alternative Data (which includes insights from bank and mobile money statements and other records already stored in our database, such as past loan behavior), coupled with CIK Report and Score, to generate a more robust and predictive credit score.
This product is designed to offer a clearer picture of a client's financial behavior and repayment capacity, even without the immediate submission of a new statement PDF.
How It Works
Bundle 1's core mechanism lies in its intelligent aggregation and analysis of various data points already available or readily accessible through integrated systems. It combines this information with a verified CIK (CreditInfo Kenya) report to deliver a Bundle 1.
Input Requirements
To generate a Bundle 1, the following information is typically required for client identification and data retrieval:
| Field | Type | Description |
|---|---|---|
National ID | String | Government-issued identification |
First Name | String | Legal first name |
Last Name | String | Legal last name |
While a direct bank/mobile money statement PDF is not a real-time input requirement for Bundle 1 (unlike Bundle 2), Bundle 1 significantly benefits from and incorporates insights derived from historical bank/mobile money statements and other financial records present in the Kamoa database.
Data Sources for Bundle 1
The enhanced precision of the Bundle 1 is derived from its ability to synthesize data from multiple powerful sources:
- Kamoa Alternative Data: This is the primary differentiator. It includes a rich repository of pre-analyzed and structured data derived from:
- Historical Bank Statements: Insights into transaction patterns, income, and expenditure.
- Mobile Money Statements: Detailed mobile money transaction history, crucial for assessing financial activity in cash-heavy economies.
- Other Loan Behavior Records: Past repayment performance on loans managed within or reported to the Kamoa database.
- 3rd-party APIs: Integration with external data providers, such as:
- Handset blacklists
- Business registries
- Telco signals
- CIK Report and Score: Verified traditional credit history and score from CreditInfo, providing a foundational credit assessment.
Key Output and Insights
The Bundle 1 provides a clear, actionable credit score along with foundational credit history details.
1. Bundle 1
A single, comprehensive numerical score (e.g., 673) that represents the client's overall creditworthiness, enhanced by alternative data.
2. CIK Report
A direct pull of the client's credit history from CreditInfo, providing traditional credit insights.
Ideal For
Bundle 1 is an excellent solution for financial institutions looking to enhance their credit assessment capabilities, particularly for:
- Lenders using Kamoa's existing database: Ideal for those already integrating with Kamoa and wanting to leverage historical alternative data without requiring fresh statement uploads from clients for every assessment.
- Institutions focused on financial inclusion: Helps to score and serve a broader range of applicants, including those with "thin files" or limited traditional credit history, by using rich alternative data points.
- Microfinance institutions and digital lenders: Provides a robust score that combines traditional credit data with behavioral insights from mobile money and bank transactions, enabling more confident lending in underserved markets.
- Any financial institution seeking a more nuanced credit assessment: For a more comprehensive and accurate understanding of a client's true creditworthiness beyond a simple credit bureau score.