Aye Finance has equipped its 1000+ field staff with an android based loan application workflow, which works on the cloud infrastructure facilitating a low cost operations that helps the inclusion of a larger number of grassroots businesses into the folds of organized lending.
This platform integrates the entire loan process from customer enrolment, underwriting, monitoring and disbursal, allowing improved accuracy and turnaround times.
The Company’s analytics powered “Cluster Based Credit Assessment” methodology has been built into this technology platform which allows the MSME Lender to make sound lending decisions with thin file applicants. The platform is also helping Aye make the last-mile connect with the micro entrepreneurs who have not completely adapted to the digitisation of credit services.
“Our mode of servicing customers mirrors the comfort of micro business owners. So we have chosen to set up low cost branch networks to deliver a high touch origination experience and at the same time, we have removed the friction in customer origination process by use of paperless- cloud CRM based origination process that performs digitally the KYC, credit bureau reporting with minimum fuss,” states Sanjay Sharma, founder and Managing Director of Aye Finance.