Blockchain credit agency, CreDA is disrupting the traditional credit industry to deliver competitive rates to an endemically ‘credit neglected’ sector.
Farmers in Brazil want to contribute to the country’s food security but are faced with unrealistic interest rates because the lack of adequate data means banks won’t take the risk.”
— Fred Diniz - CreDA
SãO PAULO, BRAZIL, September 23, 2022 /EINPresswire.com/ -- CreDA (Credit Data Alliance), the leading decentralized credit rating service, is launching an innovative pilot program in Brazil to provide an alternative credit scoring model that delivers competitive, affordable interest rates to farmers in the country. The project is part of the company’s Credit4Good programme that aims to combat the global food crisis, which in addition to the war in Ukraine and Covid-19 disruptions, is further amplified by the fact that interest rates in Brazil are stifling local farmers from producing the food the country needs.
CreDA is working with...
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