Jun 02, 2023
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Service categories
Service Lines
IT Services
Mobile Development
Domain focus
Banking & Financial Services
Subcategories
IT Services
App Management & Support
Challenge
Aadhar India is a fintech company working in the microfinance sector, who bring door-step service to entrepreneurs in Indian Villages, with a potential that reaches 180 million households. The organisation faced a major problem in the loan dispersal process as it was long and tedious.
Aadhar India is a fintech company working in the microfinance sector, who bring door-step service to entrepreneurs in Indian Villages, with a potential that reaches 180 million households. The organisation faced a major problem in the loan dispersal process as it was long and tedious.
Solution
With Tailwebs bringing in an efficient system and automating the processes, Aadhar India was able to drastically reduce the time it took to disperse a loan, from 10-25 days and 5-6 visits to just 3-4 days and 2 visits. Tailwebs worked on developing the product, designing the UI/UX, building the application and creating an intelligent admin dashboard for streamlining the process.
With Tailwebs bringing in an efficient system and automating the processes, Aadhar India was able to drastically reduce the time it took to disperse a loan, from 10-25 days and 5-6 visits to just 3-4 days and 2 visits. Tailwebs worked on developing the product, designing the UI/UX, building the application and creating an intelligent admin dashboard for streamlining the process.
Results
Aadhar India was able to achieve 6x loan disbursement within a year of the new application being launched, 80% of bad loans were reduced and 70% of operations cost was cut. They were able to drastically reduce the time it took to disperse a loan, from 10-25 days and 5-6 visits to just 3-4 days and 2 visits.
Aadhar India was able to achieve 6x loan disbursement within a year of the new application being launched, 80% of bad loans were reduced and 70% of operations cost was cut. They were able to drastically reduce the time it took to disperse a loan, from 10-25 days and 5-6 visits to just 3-4 days and 2 visits.