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In the inaugural episode of our new podcast Digital Transformation Leaders - we sat down with Mr. Cyril Shroff, Founding Partner at Cyril Amarchand Mangaldas - to talk about how technology is reshaping the way the legal industry is functioning.
In the second episode we shift our focus to a completely different industry - rural lending.
In case you missed our first episode - an interview with Mr. Cyril Shroff - you can catch up with it HERE
What do we mean by rural lending?
Rural Lending is, quite simply, the business of providing low-ticket size financial services to individuals and businesses who live in rural areas of India. Think micro-loans, financial advisory for low income businesses etc. The predominant form of rural lending in India is the lending of small unsecured loans to groups of borrowers who share liability a.k.a micro-lending or “micro-finance.”
The organization that pioneered micro-finance as a concept even won the Nobel Peace Prize in 2006
Micro-lending in rural areas is usually done by 4 types of organisations:
- Microfinance Institutions (MFIs)
- Banks
- Non Banking Financial Companies (NBFCs)
- Small Finance Banks (SFBs)
In the SECOND EPISODE of Digital Transformation Leaders - we catch up with Mr. L Murty - Deputy CEO of Dvara KGFS - a rapidly growing NBFC - providing micro-finance services to rural lenders in India.
In an open and candid conversation, Mr. L Murty spoke to us about:
👉 The secret to Dvara’s “tech driven” approach since inception
👉How Dvara Borrowers have responded to technology in lending operations
👉How technology in loan operations has benefited rural customers
👉Challenges and questions that lenders must ponder over when evaluating adoption of any technology
👉The immediate impact of COVID-19 lockdowns on the rural lending industry - and how Dvara responded
And a lot more!
Here's the video version of the podcast👇
And here's the audio version of the podcast👇
Enjoy!
P.S If you liked the episode then please SUBSCRIBE to the podcast and SHARE it with anyone else you think may find it interesting.
P.P.S If you have any FEEDBACK, IDEAS or GUEST NOMINATIONS for the podcast - just shoot an email to “aditya@leegality.com”
