Once the village survey and projection meeting is done, A group of 6-10 members is formed and their KYC is collected digitally. Real time Credit bureau check is done and eligible members are informed about date and time of Financial Literacy training.
The joint liability concept is explained to the group members and information about our product, process , branch office, do’s and donts are given to the members. The group has to clear a Group Recognition Test where their knowledge on loan product, Kamal Fincap’s policy, and lender bank, insurance is checked before the loan is sanction digitally by the lender bank.
Loan amount is disbursed directly through NEFT into Customer bank account
Enabled through android devices which record real time data, time and GPS co-ordinate of each centre meeting. Digital payment option is also available and members are encouraged to move to that through QR code printed on their loan card.
Loan Utilisation check
Enabled through mobile devices recording time and GPS location.