4 min read.Updated: 23 Aug 2021, 02:17 AM ISTSahil Kini,Neeti Bhatt
They will enable the use and enrich the quality of information needed for lenders to extend loans without collateral back-up
Let us tell you the story of Jigneshbhai, an upstanding resident of a small village in Gujarat who happens to be a money- lender to small businesses. From his strategically-located shop in the village square, Jigneshbhai would observe and map the schedule of his ‘daindaars’ (borrowers), because a change in their routine could portend a change in his cash flows. A slight switch of route or an unscheduled absence would send him into a spiral of worry over the repayment of his funds.