Robust loan origination & management system to improve farmer & food ecosystem efficiency
Loan Origination System
Robust loan origination & management system to improve farmer & food ecosystem efficiency
Challenge
- The client was looking for a partner who understands agri-tech business especially the financial challenges of the farmers
- Wanted to develop an omnichannel loan origination & loan management system
- Enable in-built automation e.g. auto-scheduling of farmer agents visits, and sync of data from fieldÂ
- Dashboards to ensure the financial KPI’s are maintained
Solution
- Developed a Loan Origination System and Loan Management System for Web and mobile channel
- Designed a microservices architecture consisting of farmer services, sales services, credit services, and field operations.
- Enabled dashboards and reports for business KPI’s and regulatory requirements e.g. disbursement status, sales metrics, and form 22AÂ
Benefits
Relevance
The solution has been developed considering finance as the core need of farmers. Now it can be extended to supply chain players, financial regulations and end consumer information to cover the complete food ecosystem
Resilience
The modular technology architecture is enabling the platform to scale based on the geographic & farmer specific loan requirements
ROI
The client has rolled out the application to the 100+ sales team who can work with farmers for their loan applications