In the growth story of India, MSMEs are the protagonists. To understand the need for investing in MSMEs, it’s important to understand their contribution to the Indian economy. Believe it or not, collectively, Micro Small and Medium Enterprises (MSMEs) are the 2nd largest employers in India, coming in right behind the agrarian sector. According to…
The Evolution of Lending The practice of borrowing and lending money seems to be as old as the invention of money. A quick dig into the history of lending shows that borrowers, lenders, and stringent lending rules existed as early as the Mesopotamian civilization, pre-dating Ancient Greece and Ancient Rome. It’s fun to imagine why…
AYE FINANCE’S MENTORSHIP PROGRAM I sometimes find myself lost at work, unsure of how to proceed with an assigned task, and even Google has drawn a blank. At times like these, I would give anything to be back in school where all I needed to do, when stuck with that annoying algebra equation, is to…
Three new branches were launched in South India, inaugurated by our Executive Director, Mr. Vikram Jetley. About TRICHY Tiruchirapalli District is located along the Kaveri River in Tamil Nadu. The main town in Tiruchirappalli District is the city of Tiruchirappalli, also known as Trichy. During the British Raj, Tiruchirappalli was known as Trichinopoly, and was…
The MSMEs are not able to explore their full potential and sometimes even have to shut shop entirely, from the lack of adequate financial help and timely liquidity. For India to emerge as a truly developed super-economy, the transformation of MSME sector would have to be a fundamental precondition. Indian MSMEs contribute 8% to the…
Risky borrowers may not mean risky returns for Financial Inclusion loans Lenders have often categorized borrowers as ‘risky,’ if a customer’s historic earnings have been volatile or if the lenders lack a deeper understanding of a customer ecosystem. Even with experienced lenders, these factors can color our perception of risk and introduce an inadvertent bias.…
25th Mar 2017 was a day for a trip to Old Delhi streets to discover its rich food history. All of us – Sanjay with his wife Namrata, Avneesh, Ravinder with his son, Piyush, Ashish, Anvesha, Tripti and myself assembled at 11am at Chandni Chowk metro station. Sanjay came fully prepared with a list and…
The year 2017 theme of the International Women’s Day was “Be Bold for Change” and we at AYE followed it in spirit and as well as action. All the women in the head office and branches were Boldly dressed in RED. And despite our numbers being significantly lesser than the men in the organization, that day…
Aye Finance takes great pride in calling itself a young and an innovative company. The unique combination of experienced leadership at the top and young employees at the middle management has provided Aye the agility to scale at a rapid pace. This unique managerial combination at Aye got a further boost when we recently hosted…
Aye Finance organized its second Strategy Meet on 25th – 26th February 2017. The meeting was led by Sanjay Sharma (MD) and Vikram Jetley (ED) and attended by all the senior leadership team members of the company and graced by Rajat Arora (Nominee Director, LGT Impact Ventures). Sanjay and Vikram delivered the opening address and…
