The financial lending sector has and continues to stay at par with the latest technologies and trends. MSME companies have had a difficult few years as digitalization and implementation of advanced technologies have progressed. A constantly increasing number of users want fast access to services as well as the massive growth in the quantity of…
At Aye, we’ve been seeking to change the paradigm of MSME financing in India. Our objective was to turn it from a time-consuming and expensive procedure into a productive and profitable venture. The first step toward this approach was taken in 2014 when we offered the first loan to a micro business in West Delhi’s…
In early 2014, we looked into three micro-business clusters that were distributed across several cities. This was the start of our innovative cluster-based financing methodology, which is still the foundation of what we’re doing today. Our inaugural credit was issued to a lady’s shoe manufacturer in March 2014, who hired 6 people and produced 200…
