Ananya Birla proudly states that Svatantra Microfin is 100% paperless thanks to loan origination system, mobile app and e-signatures
Svatantra Microfin has emerged as one of the most differentiated process microfinance S and and technology driven entities. It is one of India's fastest growing MFIs, serving rural women customers. It provides complete and affordable financial and non-financial solutions to rural women, who are entrepreneurs themselves.
DIGITAL PENETRATION
Svatantra Microfin's tech-effort is reflected in its day to day working. The business team for a long time would carry prints of the loan applications and take wet signatures of customers on these forms. In the past, where Svatantra reached 10,000 rural women customers per month, now it reaches at least 100,000 per month. The process, which used to take 12 days, has reduced to one day, impacting the rate of financial inclusion, which has gone up 10X.
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