Village Financial Services (VFS), a NBFC-MFI in Eastern India engaged in the business of lending to women borrowers has announced to enhance its digital journey through Craft Silicon’s BR.NET Micro Lending suite.
Kuldip Maity, MD VFS highlighted that “we are currently supporting over half a million borrowers across 20,000 villages in 13 states and we expect that by adopting Craft Silicon’s new platform, we will not only increase our market presence but will also improve our operational efficiency”.
As part of the new deal, Craft Silicon will provide software for core loan management, Group loan origination, field operations, and Analytics.
The new platform will also provide VFS near real-time business visibility to various parameters.
The engagement between the two companies started in early 2020 and despite of COVID-19 situation, successfully went live in Nov 2020. Aiming to keep the commitment towards serving the unbanked people more effectively amid the pandemic situation.
“With VFS entrusting in Craft Silicon, will also help us in expanding our reach & presence in Eastern India. Our team is fully committed to support VFS in their business objectives”, added by Mr. Siva, CEO Craft Silicon.
Craft Silicon is a financial technology solution provider and recognized as one of the most tech-savvy software groups globally. Craft Silicon supports 300+ Financial Institutions by delivering technology value in over 30 countries.
Craft Silicon provides robust solutions that include Core Banking, Loan Management, Channel Banking etc. – Managing over $5.6Bn of Loan Portfolio, 57Mn customers & 1Bn transactions per year in Asia region.
