The credit market in traditional finance is for the most part inaccessible to many - a luxury beyond the grasp of 1.7 billion people in the world. For starters, you’d need to possess a credit score, and/or sufficient assets (read: collateral) or source of income to sniff a look from the banks’ credit assessors. This is also not to mention the excessive red-tape and lengthy processes involved for loan approvals by traditional old-fashioned banks:-