Tag: Microcredit3
Impact Companies Tag: Microcredit 2
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Company
Ujjivan Financial Services
India
Ujjivan, one of the largest microfinance institutions in the country has brought hope and smiles to thousands of urban poor. With gross managed assets of about Rs. 39,763 Million (as of 31st March, 2015) it was awarded by HSBC-Access as the 'Best Large Microfinance Institution in India' in 2011. Ujjivan operates primarily on a joint liability group lending model, an adaptation of the famed Grameen model of microfinance. In addition, it boasts of a cutting edge, yet cost effective technology infrastructure, which continues to be ahead of time in the microfinance industry.
| Financial Services: Microfinance |
Company
Zidisha Inc.
United States of America
Zidisha is a Y Combinator nonprofit and the first loan crowdfunding platform for people in developing countries that connects people directly without going through local bank intermediaries. We've gotten the cost of loans down from over 35% at traditional loan crowdfunding platforms such as Kiva to just 5%. We did this by replacing local loan officers with a self governing eBay style peer to peer lending community.So far we've facilitated over 15000 loans between 20000 people worldwide with a repayment rate of 85 90%. Our lending volume has doubled in the past six months.
| Financial & Insurance activites |