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MICRO FINANCE

JOINT LIABILITY GROUPS

MicroFinance Success Factors

Little known ways of enabling micro credit throughput

According to the Global Findex database over 190 Million adults are unbanked in India  Over 50% of them have mobile phones which means that about 95 million adults are digitally savy but haven’t been financially included. On the credit front about 47% of the adults reported having borrowed money and the most common source was family and friends followed by other sources which could have been the local money lender, chit funds etc. 

Financial Inclusion can help in alleviating poverty by facilitating investments in health, education and business and can make it easier for people to manage emergencies. By the year 2020 the financial sector is likely to see 57 million adults seeking services either to 

Accept money for goods and services

Receive wages from companies

Accept government benefits

Transfer money to friends and family

Borrow money to purchase fertiliser, livestock and land

Microfinance companies can contribute immensely to the financial inclusion efforts of the various governements with the right set of digital tools that can remove the impediments to financial inclusions.

 

Providing access to people with low literacy levels

Servicing even small amounts

Lowering cost of transactions

Improving the trust in the financial system

Simplifying documentation requirements

Providing access to services without the need for the customers to travel

Tools to succeed in the Microfinance Business

Opportunities to lend should have a beneficial impact on the bottomline to take advantage of the interest arbritrage by offering financial services at a cost affordable to the customer. This is possible if the workflow in credit decisioning is automated and there is minimal manual intervention. Additionally there should be rigour in the credit decisioning to lower the incidents of fraudulent advances that can become Non Performing Assets (NPA's) . The AnyBank product suite provides tools to accomplish this.

 

CAPS - CRM
CONSENT-Decisioning
COLE-Collections & Lending
CAPE - Delinquency and NPA Management
CASH - Financial Accounting
CARE - Call Centre and Service Requests
COMPUTE - Analytics
CARROTS - Loyalty Programs

The AB platform offers all these using BPM and RPA technologies on the internet cloud. BPM technologies allow you to change workflows to suit your processing whil RPA automates most routine tasks.

Why Choose Us?

Six Features To Improve Productivity

CRM of Your Dreams cheaper and faster than you Ever Imagined.

BPM and RPA
CLOUD
FRIENDLY UI
INTEGRATION
MICRO SERVICES
INFINITELY SCALABLE
The anyBank suit has the capacity to process large volumes of data at lightnening speeds and at a cost that is a fraction of what you pay today. Its a fool prrof mechanism for automating your CRM and asset workflows. A comprehensive tool and platform to help you in your financial inclusion efforts.

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AB CAPS offers Banks and financial Institution a comprehensive toolkit to manage their Asset Portfolio is complements AB CAPS to offer seanless underwriting flows from Origination and Disbursement.

AB CAPS support Multiple Repayment types allowing you to Structure your loans and advances depending on the customer constitution.

Credit managers get a comprehensive view of the Structural history before authorising additional disbursals.

AB CAPS accelerated interest around process assures that your ROC completes in under 60 min.

AB CAPS supports various Banking formats to generate disbursal advice and Repayment to feed into the respective cleaning methods.

A comprehensive ROC and vault management allows you to track welcome letters,PDCS and other document artefacts.

 

About

Sastra Technologies is a technology firm that serves new age Fintech companies, Small Finance Banks, payment Banks, Banks, Non-Banking Financial Companies and Financial Institutions. Our philosophy is to develop products that are cost effective so that our clients derive value using them. For the last 7 years we have done so by embracing cloud technologies and developing unique capabilities that allow us to offer a value proposition that is unmatched in the industry today.