A farmer’s assets might be pigs or chickens. As a result, Ant Financial is setting up cameras on farms that can display a farmer’s assets in real time to help assess credit scores and risk in lending scenarios. Such data can also be used by ET Agricultural Brain to help farmers with the animal-raising process. With this risk-assessment camera in place, farmers can then use Alipay to apply for loans. Already, a chicken farmer in Lankao County, Henan, has used this complex Bio-Inventory of Assets System to apply for RMB 200,000 in loans on Alipay.
