Thoughts on the history of lending

Angie Ngoc Tran
Sep 30, 2018 · 2 min read

Think before products, before technology, into behaviors and solutions that were not designed at all, and eventually as far past into human evolution as you can find. Look at the threads connecting major leaps, and the accidental variations that ended up being hugely influential. Then place your idea on this continuum and argue how your idea could contribute to future evolution.

Photo by Osman Rana on Unsplash

An informative and quick read on the history of lending. Here are some of my thoughts based on the research.

  • Contract and Collateral are to reduce risk (trust is the core factor here), Interest Rate is for lenders to make profits, Credit Scores is to indicate the borrower's reliability.
  • The lending industry focuses on making a profit for lenders rather than helping borrowers' financial management and investment, on providing convenience (with technology and cross-functional services) rather than changing borrowing habits (which means constantly being in debt).
  • If a loan is a quick and accessible financial solution for low-income families and small/medium businesses, where would be the threshold before it traps them in the debt cycles?
  • Should a loan be the first consideration when one needs money? If yes, in what kind of circumstances?

The Fintech Landscape in South East Asia

My process blog for my thesis at SVA MFA Interaction Design.

The Fintech Landscape in South East Asia

My process blog for my thesis at SVA MFA Interaction Design.

Angie Ngoc Tran

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Product Designers by day, Zen practitioner all the time 🧘🏻‍♀️ One mindful moment at a time

The Fintech Landscape in South East Asia

My process blog for my thesis at SVA MFA Interaction Design.