• Digitizing loan collections to transform customer experience and extend financial inclusion
• Facilitating digital, faster, and cost-effective collections even in remote areas
New Delhi/Mumbai, 05 April 2022: SarvaGram, the FinTech lender focused on rural India, is digitizing debt collections and extending financial inclusion by implementing mobile based field loan collections platform – CG Collect – from Credgenics, the leading provider of SaaS based collections and debt-recovery technology platforms worldwide. SarvaGram is a pioneer in meeting the growing aspirations of rural India and extending financial inclusion across rural markets with a bouquet of loan product offerings through its tech enabled framework. Credgenics’ mobile based CG Collect platform will enable SarvaGram to digitize its loan collections to the last mile, monitor its field collections operations in real-time and transform end customer experience.
With CG Collect, SarvaGram’s field teams in rural areas will handle collections activities including discovering cases, accessing account details, planning their day, scheduling new visits and recording the outcomes with proofs in just a few clicks. SarvaGram will also provide digital receipts instantly to its borrowers against their loan amount repayments. Usage of Credgenics’ platform CG Collect will improve field collections, boost operational efficiencies, unlock team productivity, and eliminate transactional mistakes. The centralized digital recording of collections transactions will remove the need for manual reconciliations, which are time-consuming and error prone.
SarvaGram plans to rapidly expand the usage of CG Collect for its entire field collections operations across its 50 branches. The easy-to-use solution comes with map-based features including location tracking, smart route planning and navigation. The platform can function seamlessly with limited internet connectivity, thereby allowing digital operations even in remote areas.
Sameer Mishra, Co-founder and ED, SarvaGram, said, “Our lending model relies heavily on using specialized algorithms to identify, assess and serve our customers across rural India. Credgenics’ CG Collect platform is expected to complement our capabilities in implementing robust digital processes across the collections business value chain.”
Rishabh Goel, Co-founder and CEO, Credgenics, said, “We are proud to be associated with SarvaGram and highly appreciate their unique focus on leveraging the advancements in digital and analytics technologies. Our CG Collect platform has been specifically designed to address the challenges of field collections operations and the response from the banking and finance community is overwhelmin g. We are committed to digitally disrupting the loan collections space worldwide with our customer-centric, data driven and new age technology solutions.”
SarvaGram is building India’s first household centric, data led ‘high-tech high-touch’ distribution platform to meet the growing aspirations of rural India, with a bouquet of financial and productivity enhancing offerings. SarvaGram’s unique distribution platform leverages technology and data to empower a highly nimble on ground presence. https://sarvagram.com/
Credgenics is a leading provider of loan collections and debt recovery technology solutions for Banks, NBFCs, ARCs & Digital lending firms worldwide. Credgenics’ SaaS platform helps lenders with end-to-end digitized loan collections through a mix of AI-led digital communications, litigation services, integrated payments platform, and a feet-on-street app for collections agents. With Credgenics, lenders have boosted their collections efficiency, enhanced the recovery rates and transformed their customer experiences.