AYE Finance provides loans to MSMEs to help grow their business and generate more jobs for low-skilled workers
AYE fills the current gap in financing of underserved MSMEs by providing them with loans for capital expenditure and working capital requirements. Aye offers loans ranging from USD 750 to USD 38’500, with monthly repayments over a 6 to 84-month period.
AYE uses an innovative industry cluster-based approach to access and evaluate borrowers and is already catering to the credit needs of more than 40 industry clusters across the country. For underwriting “thin file” customers, AYE uses proprietary technologies of psychometrics, behavioral mapping and business sciences for regenerating cash-flows.
MSMEs benefit from increased access to capital that is cheaper than other available sources in the market (informal money lenders) which helps them grow their business, increase profitability and resilience to market shocks, and employ more people.
By bridging the financing gap for MSMEs, AYE Finance creates a positive impact in mainstreaming informal businesses. Access to finance enables MSMEs improve their access to infrastructure of all kinds - enable better market linkages and market access, improve corporate governance and managerial competence by allowing them to hire talent, and use the latest and most efficient technology. These in turn have a compounded impact on the growth of an enterprise and can help sector participants become more organized and a part of the mainstream industrial ecosystem.
|# of active client organizations||15'264||65'526|
|# of loans disbursed||12'837||50'526|
|Loan Portfolio (US$ millions)||20.5||81.4|
* Fiscal year April to March
Sanjay Sharma, Co-Founder of AYE Finance
"We are happy to be partnering with LGT Impact for the next stage of our growth. LGT Impact has a proven track record of investing in quality growth companies. I look forward to our association as we take AYE Finance to its next stage of evolution to achieve our common vision of providing comprehensive financial services to small and micro enterprises to power the inclusive growth of the country.”