Mauke pe Chauka! : Sohan Lal’s journey

Every entrepreneur across the board faces one common challenge; “scaling-up”. Sohan Lal was no different. A massive surge in the number of MSMEs in recent years has meant intense competition. Business owners are always trying to figure out newer and up-to-date methods to ensure growth. Needless to say, internet and scalability have started to go…

Top 5 Technologies for MSME Lending in 2019

From the telephone to the internet, from legacy software to artificial intelligence, the finance sector has continued to advance with the latest technologies. Fintech today is focused on helping micro and small entrepreneurs across the world grow by providing them access to  capital more easily and with a quick turn-around time. Out of all the…

The Jacketeer – The Tale of Mohd. Kaleem

Clothes Manufacturer, Gandhi Nagar. From working on the second floor to managing a multi-level factory.   If you are seeking a living example of a go-getter, explore the bylanes of Gandhi Nagar. You will eventually find Kaleem, grinning as he discusses the day’s tasks with his second in command. When he invites you in for…

The Metal Monger – One Man’s Iron Mettle

Fabricator, Katni. From operating two machines alone to employing ten people. All people, whatever their circumstances, have a dream. So did Ravi. From day one, Ravi was not content with just dreaming, he took ownership of his dreams – and all the work it would entail. And that’s exactly what set him apart. Now an…

The Paper Saucer Maker – Dilip Chauhan’s Journey

Paper Saucer Maker, Ujjain. From pressing paper to signing employee cheques. An intrepid micro-scale businessman, Dilip dabbled with all sorts of jobs, with contracts ranging from dressmaking to the sourcing of miscellaneous items for restaurants in Gujarat. After working endless hours for years, he eventually went to Ujjain, where his ingenuity and resourcefulness saw an…

How Can FinTech Companies Drive Financial Inclusion?

The MSME contribution to the Indian economy is undisputed in every way. As a sector, it is the 2nd largest employer of the Indian workforce; according to the 2015-16 MSME Annual Report, the MSME segment comprises well over a 45% share in contributing to manufacturing output and exports. With NBFC startups willing to look past…

Tech and Touch: Blending Two Worlds at Aye Finance

How does a company that’s disbursed more than INR 1,000 Crores of loans to MSMEs across India build scalable processes while still retaining a human touch? And is that human touch necessary? Over the last few years, the BFSI industry in India has seen the phasing out of  manual processes and a rapid adoption of…

The Importance of Learning & Development at the Workspace

Aye Finance’s 3-Point Learning & Development Strategy We want to be known as a learning organization We want to create a pool of mentors and trainers We will use technology extensively for driving learning initiatives Since our inception, the upskilling of our workforce through continuous learning and development has been a strong focus for Aye…