Ethical Analysis of Ant Financial's Flourishing Farmer Loans at MYbank

This presentation examines the ethical dimensions of Ant Financial's Flourishing Farmer Loan program at MYbank. It begins with an outline of the case, including the use of big data for credit scoring in rural China, and the role of Ant Financial (part of Alibaba) and MYbank in providing financial services where state-owned banks were insufficient. The presentation identifies key ethical issues, such as the role of private banks in fulfilling regulatory requirements and the moral implications of providing financial support to entrepreneurs. It explores the reasons for the ethical nature of the program, including fund availability, support for entrepreneurs and rural areas, and economic development. The morality of the protagonists' actions is assessed, particularly in the context of the 'Ethic of Care', considering the impact of loan officers and online services on rural customers. The presentation highlights the success of the program and its impact on reducing loan costs and expanding market access, concluding with a reference list of sources used in the analysis.