I think it is pretty smart idea. Facebook has recently bought a 10% stake in India's large Telco , JIO. Speaking of risk, Jio is very (horribly) efficient in

I think it is pretty smart idea. Facebook has recently bought a 10% stake in India's large Telco , JIO. Speaking of risk, Jio is very (horribly) efficient in invading cutomer's privacy as they are datamining literally everything and also oushing in-your-face-advertizing-inserts. Facebook is also equally (horribly) efficient in data mining. So using this data from millions of consumers, they could lower the risk of default. The current default rate for microfinance in India is 2.9%. ( https://www.equifax.co.in/about-equifax/press-releases/-/blogs/the-microfinance-sector-in-india-now-has-a-default-rate-of-2-9-/ https://www.equifax.co.in/about-equifax/press-releases/-/blo... ) . They could easily reduce this rate using this data. So yeah -- tihs will be really profitable.