Samriddh Kendra-Financial Inclusion For All

MoonCampaign by Suman (27 years)

At Moonpreneur, we empower students to turn ideas into reality through hands-on project & product building.
Our MoonCampaigns highlight their creativity, public speaking, presentation skills, and teamwork.

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Samriddh Kendra-Financial Inclusion For All

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Our Social Impact - We're transforming education globally with free robotics and math workshops in the US, UK,
Canada, and Australia.
Our workshops have helped 66,000 students alone in the US plus 14,000 students benefit from our four-week sessions.

Project Name:

Samriddh Kendra-Financial Inclusion For All

Team Member:

Suman Saurav- CEO

Program:

ELDP

Category:

ELDP

About the Innovator

The rural credit market faces significant challenges. Borrowers have limited access to formal credit, with only 33% of bank branches in rural areas, leading to reliance on money lenders. They struggle with tracking multiple lenders, lack trust in loan disbursement, face complex borrowing processes, and suffer from low financial literacy, resulting in frequent miss-selling. Lenders also face hurdles, including limited reach to rural borrowers, high customer acquisition and servicing costs, increasing non-performing assets (NPAs) due to fraud, and complicated recovery processes.