The project is launched in 282 branches in 16 states.
Bangalore-based Ujjivan Financial Services Pvt Ltd, one of the top-tier microfinance institutions in the country, has rolled out hand-held field technology devices as it seeks to take the loan approval process online and expedite disbursals.
It has collaborated with fin-tech firm Artoo to enable field staff with internet-enabled handheld tablets which run a lending solution.
The project is aimed at providing quick and appropriate loans to its customers, reduce the turnaround time as well as improve efficiency and productivity in disbursing loans.
The project has been launched in 282 branches across 16 states and is expected to handle Rs 3,000 crore of disbursements over three years once it is rolled out in all operating branches of Ujjivan.
"Though this solution has come at a cost, the benefits are already visible. Today, Ujjivan’s individual loan process is as efficient as of any new-age bank," said Samit Ghosh, managing director and CEO at Ujjivan.Read more »
UnLtd India – Call for applications!
Calling all aspiring social change-makers to attend an event on “Social Entrepreneurship Insights" and to apply to be UnLtd India Investees by 15th April 2015!
Mirakle Couriers, Milaap.org, Under the Mango Tree, Avanti Fellows, iVote, Hamara Footpath, Toybank…Apart from a mission to create social impact, what do all these organizations have in common? They are all UnLtd India Investees!
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