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For people who have little or no financial footprint or credit history, operating within the financial system can be hard or expensive. LOQBOX fixes this. LOQBOX users’ monthly savings build their credit history with Experian, Equifax and CallCredit. This payment history proves an ability to manage monthly repayments, enabling our users to subsequently access credit-checked products and services that they were previously denied. We believe that education provides the foundation that all financial inclusion is built on. Every user gets access to our proprietary education journey, LOQBOX Learn. Completely free, LOQBOX Learn uses bitesize learnings and simple tasks spread over a year to lead our users to a point where they can safely operate within the financial system. Our users save a lump sum, increase their digital footprint, prove their credit worthiness and gain the skills and knowledge to put all of this to good use, for free.
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Gregor Mowat
Co-founded nooli and LOQBOX as a free way to help financially excluded people build a credit history and learn responsible financial management while they save.
Thomas Eyre
Founder @LOQBOX
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