How Pro Mujer will upskill 50,000 women entrepreneurs in Latin America
With support from Visa Foundation, Pro Mujer is bringing digital financial skills and new opportunities to thousands of women across LAC.
Fixing credit problems at scale
Ninety percent of Dovly members see a double-digit credit score increase within 6 months.3 “Even for people who have a lot of money, credit is important,” says Rubenstein. “If you're trying to buy a house, rent an apartment, get a job, an education, a student loan, a credit card, whatever it is that you're trying to do, you need good credit to do that. And our connection with Visa has enabled us to make Dovly Uplift,4 a premium, no-cost solution available to hundreds of millions of Americans.”
Another one of those Americans, Tonya Walker, traveled the world as one of the first female operations specialists in the US Navy, earning four degrees along the way. After being stationed at multiple military locations, her credit suffered because all those addresses were reported to the credit bureaus. Veterans like Walker are more likely to report problems managing credit and it’s the top complaint to the Consumer Financial Protection Bureau for service members. When Walker was denied a VA loan to buy a new home because of bad credit, she used Dovly to dispute up to 10 claims, including a false address in California, where she never lived.
“Dovly put in the dispute and within 24 hours I received a response that it had been deleted,” she says. “It was super fast.”
Walker, who runs a memorial t-shirt business for family members of fallen service members, increased her credit score by 122 points using Dovly2. By using the credit improvement app, she was able to secure the VA loan and buy a new home as well as expand her business. “I feel like Dovly has given me options, flexibility, and freedom to expand. It means a lot.”