Identify semi-urban industrialized areas that cultivate a culture of entrepreneurship
Identify customers who need our loans
Create groups of customers from within the same clusters
Collection of basic KYC and check with credit bureau
Online filling of the application and loan approval
Explain in detail how the loan works, responsibility of the individual members & group as a whole, how they can manage their money better
Verification of place of residence by the BM and disbursement through bank account
Collect loan instalments with interest at regular interval with check on utilization by business