New Blood Entry — Haven by Digital McKinsey
Award: Wood Pencil
Digital McKinsey / 2018
People left behind by traditional finance don’t just live in developing, politically unstable or war-torn countries. In the United States, a first-world nation, DACA recipients or ‘Dreamers’ are financially crippled due to their unstable citizenship status. Through micro-banking and micro-loans, the Haven app empowers ‘Dreamers’ to take steps towards escaping the cycle of poverty by giving them access to small loans and the ability to gain interest.
