Good Financial

Good Financial is a fintech social enterprise that provides ethical, low-interest loans to women migrant domestic workers through their mobile phone

Good Financial 2019-06-11T13:04:53+08:00

Project Description

Overview

Who?
An ethical financial solution that aims to prevent debt bondage for domestic workers in Hong Kong by offering them loans at a rate that is lowest in the market.

Why?
Only 18% of domestic workers in Hong Kong have a bank account. Domestic workers spend over a third of their wages to pay back loans and fees to recruitment agencies, and many turn to unscrupulous lending agencies to take out loans to pay for additional expenses such as sending their children to school or dealing with unexpected emergencies.

How?
In addition to low interest rate, Good Financial’s loan service makes application and repay processes simple and easy.

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