Svatantra Microfin Pvt Ltd, the new-age microfinance institution dedicated towards financial inclusion of rural women, launched their end-to-end mobility solution ‘Saathi’.
Svatantra is touching a new milestone by adopting 100 per cent end-to-end mobility for an entire spectrum of operations in areas such as loan originating system, loan management system, and collections.
Svatantra, in partnership with third-party service providers, has created a unique and extremely affordable (less than Rs 20 per Rs 1,000 of cover) cashless mediclaim product for a maximum of 5 family members, including parents.
Talking to reporters, Ananya Birla, founder and chairperson of Svatantra Microfinance and co-chairman of ASSOCHAM Microfinance, said, “We have been successful in adapting 100 per cent cashless disbursement from the beginning of our operations. We believe in the power of transformation and technology disruption, and end-to-end digitisation is one of the examples of Svatantra’s strong stance towards financial inclusion
at the heart of India’s rural areas.”
Svatantra is one of the leading microfinance organisations in the mid-size space, and since its inception has disbursed loans of more than Rs 450 crore with a current portfolio of Rs 260 crore.
Offering the lowest cost credit in parity to its peers, the company has doubled its gross loan portfolio and network over the past one year.
With an 800-member strong workforce, Svatantra has 83 branches serving 11,000 villages in 5 states of India, and ensures that its customers transact through formal banking channels.
Svatantra Microfin launches cashless mobility solution
