ADMiT: Your Ticket to Credit

In South Africa, nearly 15 million people are considered "credit-unaware"—individuals who lack formal credit histories, making it nearly impossible to access loans from traditional lenders. Globally, this number swells to an astonishing 3 billion. Without a credit score or transaction history, these individuals often turn to high-cost, unregulated credit options, which can expose them to financial hardship.

Introducing ADMiT: A Pathway to Financial Inclusion

ADMiT is an innovative platform designed to bridge this gap, opening doors to financial inclusion for millions. Instead of traditional credit data, ADMiT incorporates picture-based psychometric assessments to evaluate a person’s willingness to repay loans based on behavioural responses. This groundbreaking approach offers lenders access to an alternative credit score for individuals previously excluded from mainstream financial services.

A Powerful Tool for Lenders of All Sizes

Whether you're a micro-lender, a credit union, or a major financial institution, ADMiT empowers lenders to responsibly grow their client base. By expanding into underserved markets, lenders gain access to a significant, untapped segment of creditworthy individuals. ADMiT equips you with the tools to confidently extend credit to new clients without compromising risk management.

For Consumers, ADMiT is a Lifeline

For consumers, ADMiT opens up access to financial opportunities by enabling those without traditional credit scores—who may be unbanked or new to the credit market—to prove their creditworthiness. ADMiT scores give people a fair chance to enter the financial system and work toward a more secure future.

Enhancing Financial Insight Through 6DOT50 Integration

ADMiT goes even further by integrating with 6DOT50, a voucher-based payments platform, allowing unbanked consumers to build a transactional history that supplements their ADMiT score. This feature offers unbanked consumers a simple, secure way to receive credit, show financial responsibility, expand their financial profile and increase their credit opportunities.

Backed by Experience and Credibility

With over two decades of experience in credit risk management, Principa has designed ADMiT with reliability in mind. The psychometric score boasts a Gini coefficient of 0.32, underscoring its accuracy in predicting default risk. Plus, ADMiT’s adopted psychometric assessment is endorsed by the South African National Credit Regulator (NCR), making it a trusted tool and enabling lenders to reach thin-file and unbanked markets confidently.

Your Opportunity Awaits

For lenders, ADMiT is a unique solution for responsibly growing their client base in previously unreachable segments. For consumers, it unlocks previously untapped financial opportunities.

If you’re ready to take the next step, ADMiT truly is your ticket to credit.

For more information, visit www.admit.credit.