A new AI-powered credit scoring system has been launched in Nairobi, Kenya, to help low-income and early childhood education (ECD) centers access financing. Developed by Jackfruit Network, this system is the first of its kind in Kenya, utilizing 350 data points to assess creditworthiness.

• The system uses 350 data points, including financial statements, repayment history, cash flows, and enrollment numbers, for credit assessment.
• Jackfruit Network, an ecosystem of social enterprises, launched the platform, with Rob Alhadeff, founder and CEO, highlighting its goal to unlock affordable financing for Kenyan schools.
• The AI system leverages Google Cloud’s machine learning platform, enabling secured loans to be disbursed in 48 hours or less.