CLIX Manifesto
AI allows us the tools to develop the perfect behavioral phycological profile, measuring emotions, habits, personality, dreams, determination, the will to win, to survive, to overcome, that traditional lending models ignore and then measure that for positive credit behavior and prove and improve over time with machine learning.
If we do this successfully, then a platform like CLIX will become the world's premier connector between the banked and the underbanked - a catalyst for change.
CLIX's Founder was inspired originally by Mohammed Yunis who in 1990 founded Grameen Bank as a "bank for the poor". Yunis was awarded a Noble Prize for his work. Many micro Lenders and socially conscious lending and investment platforms have grown since, but no-one has embraced the true will to connect the worlds better off as Lenders with the world's capital needy as Borrowers. Why?
The Grameen approach was unique because the loans are guaranteed by members of the borrower community; pressure within the group encourages borrowers to pay back the loans in a timely manner. Fueled by the belief that credit is a fundamental human right Yunis' objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so they could help themselves.
What did Grameen teach us about the human spirit and the keeping of a promise to meet our obligations - the core tenet of a successful loan transaction. It taught us that those who need the loan the greatest, if qualified using a behavioral and psychological focus on them and their community will be the strongest repayors!
What did CLIX take from this experience: Increasing social fractures between the wealthiest on the planet and the growing numbers of the poorest, a situation that is only going to be exacerbated by AI, means that a window is opening right now to turn AI in favor of this challenge of how to connect these Lenders and Borrowers, ordinary people, in an instant, secure, borderless and frictionless way with a community marketing focus.
This is the BIG opportunity.
CLIX - People Lending to Each Other.
