José Quiñonez
Bloomberg Businessweek|June 11, 2018

The force behind a finance technology that gives immigrants one simple but powerful tool: a credit score.

Arianne Cohen
José Quiñonez

For generations, those without access to banks and credit cards have depended on one another for loans and funding. As a result, millions of immigrants don’t have a credit score, even though they have plenty of credit history. “People were involved in very informal lending circles,” says José Quiñonez, chief executive officer of Mission Asset Fund. “We thought we could create a process to formalize that lending so that we could report it to the credit bureaus.”

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