In developed countries with effective credit scoring methods, this is true. In developing countries, the banks don't have good methods of effectively scoring va

In developed countries with effective credit scoring methods, this is true. In developing countries, the banks don't have good methods of effectively scoring vast chunks of the population, plus the amounts poorer people would want as loans is smaller, so it's easier to just ignore them in favour of bigger clients. Tech companies are now trying to step in with innovative ways of credit scoring through phone data analysis(e.g reading through SMS for mobile money transactions, gambling transactions etc)