1 / 8

Ujjivan Financial Services 2011

Ujjivan Financial Services 2011. Ujjivan in a snap shot. Established in Bangalore in November 2005 Serves 1.1 million customers in 20 states 332 branches & 3800 employees Loans disbursed Rs.2489 Crores Loan outstanding Rs. 652 Crores Repayment Rate – 98.05%

lacy
Download Presentation

Ujjivan Financial Services 2011

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Ujjivan Financial Services 2011

  2. Ujjivan in a snap shot • Established in Bangalore in November 2005 • Serves 1.1 million customers in 20 states • 332 branches & 3800 employees • Loans disbursed Rs.2489 Crores • Loan outstanding Rs. 652 Crores • Repayment Rate – 98.05% • Number of loans disbursed in August: 103,000 • Number of repayments processed in August: 800,000 • Number of life insurance issued in August: 50,000

  3. MFI’s Standard Loan Transactions • Average Loan size : Rs.15,000 • This loan has to be acquired & serviced over a one year tenor • Acquisition & servicing on a weekly or monthly basis is done at customer’s door-step on a person to person basis. • All transactions done in cash. • Maximum interest charged 26% p.a.: Interest revenue – Rs. 1840 • Maximum operating expenses over one year of loan- Rs.850

  4. Ujjivan’s Technology Infrastructure • Banker’s Realm. Net Version - Core Banking System • Web based version which provides on line connectivity of 333 branches with centralized back end. • Requires access to credit bureau for credit approval • Allows for outsourcing of data entry to reduce cost • Future: • Successfully piloted with Artoo, loan application processing & transacting cash collections from the field using Android Devices.

More Related