David Henderson
Giving Credit

Personal Bio

David Henderson is the founder of Giving Credit, a fintech leveraging peer-lending in financially excluded communities to expand access to mainstream credit. David incubated Giving Credit as a fellow at Princeton University and authored a paper peer-lending between U.S. households as a visiting fellow at the Federal Reserve Bank of Boston.

Before Giving Credit, David was the Chief Technology Officer of a national nonprofit that distributed over $200 million in direct cash transfers to hundreds of thousands of people living with low incomes. David holds a Bachelor of Arts in Politics from Pomona College and a Master of Science in Public Policy and Management from Carnegie Mellon University.

Project Description

Giving Credit is a financial technology company supporting community finance in financially excluded communities. U.S. consumers hold $200B in peer-to-peer debt. 90% of low-to-moderate income individuals lend and borrow with family and friends. Yet 45 million people are credit invisible, locked out of the mainstream credit system. Giving Credit is building the credit reporting agency for community finance.

People use Giving Credit's mobile application to lend and borrow with friends and family. Data collected on Giving Credit aggregates community knowledge, revealing the vast credit reliability of low-income communities. Giving Credit partners with values aligned financial financial institutions to leverage community financial data in commercial loan underwriting, expanding access to high quality wealth building credit products for 108 million people in the United States.