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SarvaGram deploys SaaS-based platform to digitise loan collections in rural India

SarvaGram is extending financial inclusion across rural markets with a bouquet of loan product offerings through its tech-enabled framework
SarvaGram deploys SaaS-based platform to digitise loan collections in rural India
SarvaGram deploys SaaS-based platform to digitise loan collections in rural India

SarvaGram, a fintech lender focused on rural India, is digitising debt collections and extending financial inclusion by implementing a 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 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 digitise its loan collections to the last mile, monitor its field collection operations in real-time and transform the end customer experience.

With CG Collect, SarvaGram’s field teams in rural areas will handle collection 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 centralised digital recording of collection 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 collection 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.

Speaking on the interventions, Sameer Mishra, Co-founder, SarvaGram said, “Our lending model relies heavily on using specialised 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.” 

Highlighting the partnership, 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 collection operations and the response from the banking and finance community is overwhelming. We are committed to digitally disrupting the loan collection space worldwide with our customer-centric, data-driven and new-age technology solutions.”  

SarvaGram is building a 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. 

Read more: MoRD confers HDFC Bank as ‘Best Performing Bank’ in SHG Linkage

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