Aye Finance using data science to tap lending to Micro enterprises - Analytics Jobs

There has been a recent boom in the financial lending space in the last 3-4 years. Various NBFCs like MoneyTap, IndiaLends, Qbera, and Capital First are competing to grab the online urban market lending needs. However, there are still more than 60 million micro-enterprises in India that are claimed not to fit enough in order to get loans from the banks and the NBFCs. These micro-enterprises are not able to maintain a balance sheet enough to be attractive for lending. It has resulted in a big financial backing gap of more than Rs sixteen trillion(as approximated by IFC Report 2012) which continues to be unaddressed.