AJAAYA DEVELOPMENT FOUNDATION

Micro Support| Macro Development

Slide 1

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Vision

To be the preferred provider of unsecured loans to support small borrowers in India for their development

Mission

To provide customer centric lending solutions to the bottom of the pyramid customers, while maintaining high levels of employee engagement and corporate governance

Vision

To be the preferred provider of unsecured loans to support small borrowers in India for their development

Mission

To provide customer centric lending solutions to the bottom of the pyramid customers while maintaining high levels of employee engagement and corporate governance

Promoters

This start-up being launched by NBFC MFI professionals who has got more than 45 + years of cumulative experience in Banking & Finance.

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Mr. Gopinath S - Promoter Director

He is a retired banker having 10 years microfinance experience in leadership roles & 25 years of banking experience. Built and managed large MFI from scratch which currently have an AUM in excess of Rs.5,000 crores. Pioneered the first mobile technology in MFI space

Mr. Tolerance Samuel MP - Promoter Director

He has 13+ years experience in Microfinance industry and had worked as Deputy COO in the second largest MFI in india. Expertise in managing operations, business expansion and people management

Both the directors had worked together for about 10 years in the same company and built it from day one.

Mr. Raghavender Anand R - Director

20 years microfinance experience in leadership roles & 14 years of banking experience Built and managed large MFIs from scratch which currently have an AUM in excess of Rs.5,000 crores Pioneered the first mobile technology in MFI space International microfinance experience.

Mrs.Selvi P - Director

Has 23 years of experience in various field of social work on the welfare of children, women and family. This experiences helped her to have good network with NGOs and Social Institutions which helps in the field of MFI for helping Special need people.

Mr. Ganesan S - AGM Finance & Accounts

He is a semi professional with 30 plus years work experience in Finance department in various fields like Printing Press, Advertising, Microfinance and Fund Syndication. Had been part of startup companies and done multitasking in Accounts, Finance, Secretarial and Administration works including Statutory Compliances.

Mr. Sabarinathan T - Zonal Manager

He is a seasoned operations professional who has a thorough knowledge of South India Microfinance. He had handled sizeable portfolio in various MFIs and also an expert in manpower management

Why to start now

Opportune time to start now post COVID as economy rebounds. There is enough space to be exploited. Still huge market potential all over India which can be tapped. Government keen on supporting well governed, capitalized financial companies for achieving their financial inclusion targets While the full impact is not yet ascertainable, Covid-19 has dealt a significant blow to the finance sector

Our target clients will be below the pyramid, unbanked clients in rural and semi urban areas

Disbursal in 3 days from the date of receipt of KYC along with loan application, friendly customer approach, no fore closure penalty, no delay collection penalty, eminent and effective software with mobile application to clients to manage the loan, digital collection wherever possible are some of the keys to manage competition and penetrate the market Our expected growth rate would be 20% year on year with no dividend pay-out for the first 3 years of operation.

Industry Partners

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Kelvin Black

From Dallas, USA

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Zasha Swan

From Australia

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Frank Jones

From Japan

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Jack Brownn

From London, UK