Aye Finance Private Limited is a non-banking financial corporation (NBFC) that provides access to credit with the aim of enabling the economic transfo Read morermation of micro-enterprises and small businesses in India. Its vision is to bring grassroots businesses into the formal economy and hence contribute to improving financial inclusion in the country. It uses a cluster-based approach to provide affordable loans to micro, small, and medium enterprises (MSMEs) that traditionally rely on informal funding sources such as moneylenders and chit funds. Aye Finance has a focus on 4 main industries: Manufacturing, Trading, Services and Livestock. It also offers other financial products and services such as mortgages, hypothecation and add-on loan services to these businesses to build their capital assets and meet their working capital needs. Some of the credit needs that are serviced include the purchase of machinery and raw materials, renovation of business premises and receivable financing to institutions and small businesses. Aye Finance uses a number of financial and non-financial parameters to determine a client’s willingness and ability to pay. It uses technology and analytics to further automate the process to create a simpler loan origination process with a low-cost delivery model.