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Joint Liability Group (JLG) is a lending model to enable group of individuals (usually five) to take a group loan wherein the responsibility of loan recovery on all members. JLG based credit is an industry proven concept and has been successfully implemented in many countries. In India the success of JLG based lending is still being nurtured and is tightly monitored by the regulator.

 

Our solution provides a platform to source and service the members of the groups and offers a unique value proposition to our clients and its customers through a secure lending mechanism.

 

The unique differentiation comes from our pan-India operations with penetration deeper than any other organised banking technology that works in all environments to capture information and acquire customer at their doorstep.

 

FINO PayTech works on two models:

1. Portfolio is created on bank books with FINO providing end to end service at very low cost
2. Portfolio is created on Intrepid Leasing

 

Use of innovative technology for all aspects, from customer sourcing to loan repayment, not only helps in a strong monitoring, MIS and risk mitigation but also brings down the operating cost.