Micro-Finance Cards

Micro-Finance Cards are aimed at providing the rural and urban poor access to financial services. Cottage industries, household businesses, small entrepreneurs and, especially, women are expected to benefit from this card program.

The main operations involved in providing the rural and urban poor access to financial services include:

  • Identification of borrowers
  • Evaluation of borrowers
  • Loan disbursement
  • Loan collection

These operations can be automated to:

  • Save time during field meetings: Leading to an increase in loan officer productivity and cost reductions
  • Remotely Capture Data: This would result in less scope for error
  • Remotely Upload Data: This would allow real-time transfer of information, enabling visibility and agility for the management
  • Free Resources: Workforce can be utilized for analytical purposes instead of doing entries
  • Establish a Scalable Infrastructure: The same infrastructure can be used to launch more services