Pngme Insight 1: Monthly Income

Published by Pngme on

Pngme provides actionable insights through its mobile SDK and unified API. Such insights are driving formidable growth and powering robust credit capabilities with the top financial institutions in Nigeria & Kenya. This week, we’re taking a look at Insight 1: Monthly Income to give an idea of how our Insights are built and how they can work for you. Check out the below snapshot of Insight 1: Monthly Income and learn about more Pngme insights through our handbook.

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Income is simultaneously entirely intuitive and notoriously difficult to estimate. Estimating income enables lenders to assess whether prospective borrowers are generating sufficient cash flow to meet debt obligations. Pngme Insight sum_of_credits_30 aggregates non-loan credit transactions in the last 30 days to estimate an individual’s income from the last month.

Estimated Monthly Income

Monthly income

While the distribution in income for the Pngme population is quite uniform, the risk levels at the lower brackets are disproportionately higher than that of the higher income segments.

Overall Takeaways

Use Pngme data to identify an individual’s or customer segment’s repayment capacity. Learn how to identify low and high repayment capacity to improve business outcomes.

Strong Repayment Capacity

Individuals with a monthly income of 200K+ NGN are more than 2x as likely to be strong repayers than those with low estimated incomes.

Low Repayment Capacity

Individuals with an estimated monthly income below 99K NGN are predicted to have a low repayment capacity.

0-30K NGN income: 72.2% of individuals with an estimated monthly income of less than 30K NGN are estimated to be unable to generate sufficient cash flow to fully repay a 20K NGN loan within 37 days.

30K-99K NGN income: 62.0% individuals with an estimated monthly income of between 30K-99K NGN are estimated to be unable to generate sufficient cash flow to fully repay a 20K NGN loan within 37 days.

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