Zach Marks is the CEO and co-founder of Jia which is a micro finance company catering to Kenya and the Philippines. We talk about how Zach started Jia why micro finance is important as well as algorithmic bias, sentiment of crypto in the US, Kenya, and the Philippines, and much more.
You can reach him on Twitter @zmarks215
Learn more about Jia https://www.jia.xyz/
You can reach me by email at [email protected] or Twitter @0xryanreef
(1:30) 5 trillion dollar credit gap and Zack's backstory.
(4:30) How traditional micro finance groups work.
(10:32) The challenge of algorithmic bias.
(14:45) What invisible data is. You wont get a loan due to lack of data.
(16:55) Why is micro finance done in a suboptimal way in the United States?
(19:50) How does Jia work? What kind of businesses are getting loans?
(24:15) The line between personal and business is often blurred in the current markets Jia operates in.
(26:19) Why start in Kenya and the Philippines?
(30:14) How does Jia differ from traditional micro finance?
(34:57) Will Jia start a DAO?
(39:33) Some thoughts on transition to a DAO or some kind of community owned group
(42:05) Feeling loyalty to a business when they have a community
(43:21) Thoughts on the state of American banking.
(47:36) On pushing innovation outside the United States
(49:16) Thoughts on UBI
(52:03) General sentiment towards crypto in Kenya and the Philippines
(58:02) How to stay up to date with Mark and Jia