We strongly believe there are significant opportunities in the semi urban areas
of the industrialized states for a focused micro finance player to offer unsecured
micro business loans.
The demand for credit in the unorganized sector in the country is higher compared
to the supply. Even after the proliferation of Micro Finance institutions over the
last couple of decades, the insatiated demand continues to be significant. We want
to address this demand and help in organizing and strengthening the market further.
Easy and quick access is the cornerstones for the success of any micro finance initiative.
With the country already moving towards becoming a digitized economy, we plan to
leverage technology in fulfilling our aim of reaching our customers and catering
to their requirement for finance in the most effective & convenient manner.
This is the first time in the industry that a completely digitized loan disbursement
and collection process will be implemented including client prospecting, eKYC, tracking
GPS locations, credit check, decision to disburse loan, money transfer to bank accounts.