Technology for greater good – designed especially for Group loans empowers you to further your goals of Financial Inclusion and Micro Credit .The AllCloud advantage
Elevate your operations to new heights.
Group Management: Create & Manage Groups, onboard members & assign group leaders with individual roles – All on your mobile.
Enable Digital KYC: Collect documents, take photos and verify KYC information using our highly powerful API suite. Move to Paper less Loan Origination / Customer Onboarding.
Centre to Zone: Assign multiple hierarchy levels for centre, branch & zone wise monitoring to improve performance tracking & loan surveillance
Field Operations Mobility: Helps field officers foray further into the field and enables on-boarding digitally as well as digital collections.
A Micro finance Company which is also commonly known as Micro credit organization deals in small loan which is less than Rs.50,000 to various household, small businesses who do not have access to formal banking channels or eligibility for loans.
Unsecured loan upto Rs.50000 for business purpose & Rs.125000 for residential dwelling.
Can open branches as there is no specific restriction,however advised to open in limited numbers.
Can charge processing fee upto 1% of the loan amount.
Can charge Interest upto 26% as per calculation as stated above.