VAYA Finserv

"Vaya was established in 2014 by a team of seasoned MFI professionals. Vaya is a next generation microfinance company. The core management team has a deep understanding of rural poverty. We currently operate in 7 states with a strong employee base of 1600 and growing. Vaya uses the peer group lending model to offer unsecured, income-generating loans. Over the years, Vaya has pioneered tab-banking, and with the adoption of the government’s UIDAI public infrastructure scheme, we have made our services more efficient and secure. Vaya leverages the JAM trinity i.e the customer’s Pradhan Mantri Jan Dhan Yojna (PMJDY) account, eKYC, and mobile connectivity to disburse the loan directly into the borrower’s bank account. As an NBFC- MFI, Vaya follows the RBI defined margin caps on the rates charged to its borrowers – 10% or 12% based on cost of funds and the average base rate of the 5 largest commercial banks every quarter. Vaya also recovers actual cost of insurance from the borrowers."

SECTOR

Fintech

TAGS

Financial Services, Startup

TEAM SIZE

1001-5000

We know VAYA Finserv is based in Hyderabad, but no public street address was found — its pin on the map is indicative only. Know the address?