Sprout InstaCash requires borrowers to indicate the reason for borrowing. The feature already provides options to select from. If the borrower’s reason is not in the options, he or she can choose Others and indicate the reason for borrowing in the space provided.
| Reason | Description |
| Educational | Tuition, school supplies, tutors, and others related to learning and development |
| Medical | Medical procedures, surgical procedures, medication, and other medical expenses |
| Rent/Mortgage | Household rent or mortgage fees and dues |
| Travel | Airplane tickets, hotel reservations, and other vacation expenses |
| Utilities | Electricity, water, and other similar household utility bills |
| Others |
If the reason for borrowing is not in the given options |
All reasons submitted by the borrowers are collected and stored on our end. The collected data can be used to analyze the behavior of the borrowers which will surely be a helpful reference for future system enhancements.
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