MICRO – FINANCE – FUELLING VILLAGE – LEVEL ENTREPRENEURSHIP

Microfinance is an economic development strategy that allows for those in need to borrow actual money in order to start a business, go to school, or even  gain  access  to  everyday  living  requirements.

 Microfinance  has  made tremendous strides over the years, but   still   faces   several   obstacles including  regulation,  audit  trails,  lack  of    banking  infrastructure  in  rural areas, illiteracy, low margin structure and lack of transportation access.

THE SOLUTION – HIGH-TECH , ROBUST & AFFORDABLE

Several large/mid-sized MFI’s have partnered with BluPrints to Introduce last mile Automation for Loan disbursement as well as regular EMI collection through On the Spot Receipt generation by empowering Village Level Banking correspondents  with  a  Simple Wireless  Handheld  Micro- ATM.- BluPrints Vriddhi L1.

These AADHAR   (UIDAI)   enabled   Handy,   Battery-enabled,   Inkless, Economical, Environment Friendly   and   User   Friendly   printers,   with complete authentication features, work with any   smartphone   to   deliver have since then been quickly and widely adopted as the standard IT Infrastructure for the Rural Banking and Financial Inclusion by the Micro Financial Industry to DRIVE EFFICIENCY AND GROWTH.

THE BENEFITS

Loan Disbursal/Collection Efficiency and More Value-Adds

Using Last-Mile Receipt Generation, Banks can Automate the traditional collection process, while also seeing it as an opportunity to extend it into customer-relations management program.

Weeding out Fraud and Process Inefficiencies

Digitalization with support from apt hardware to support plays a crucial role in weeding out inefficiencies and fraud in the collection process

Real-Time, Last-Mile, Compact and Very Secure System

Biometric  authentication  through  the  use  of  AADHAR  enabled  Fingerprint, Real-Time communication of Fingerprint info standard secure protocols to the  Bank’s  Core  Banking  System  (CBS)  via  GPRS,  as  well  as  On-The-Spot Proof of transaction via a receipt, render this system efficient, Cost- effective and highly secure.

AT A GLANCE

Challenges

• Online update of loan disbursements & repayment as per  policies laid out by MFI.
• High level of Integrity of Authentication is required in rural areas
• Customers cannot visit bank or the   MFI project offices to repay their loans, once every week, due to loss of daily wage/ revenue opportunities. Most Customers are  illiterate  and  need  to be given authentic proof of  transaction in local language by MFI to prevent being cheated by impersonators collecting EMI’s.

“For over 7 years, we’ve been developing high technology and “relevant” Point of Sales and Barcode Printers and Systems for companies across FMCG, Retail, F&B, Healthcare, BFSI, ECommerce and Utilities.

Our mission is to provide companies with cutting-edge, rugged and cost effective products that Drive Efficiency and Growth “

Kavita Aggarwal
Founder & CEO, BluPrints