Magazine : 
How Would Aye Finance's Measure Empower Indian MSMEs?
Gurugram based finance company, Aye Finance, announces that it would disburse loans for more than 200,000 Indian micro-enterprises. This move would further strengthen Aye's position in India's MSME lending segment.
“Lending to micro-enterprises has been a less travelled path for banks and financial companies and hence it is satisfying to have established an innovative paradigm of our lending approach and reaching the milestone figure of two lacs loans disbursed. The last six years have demonstrated our serious commitment to not only becoming a leader in providing business loans to this excluded sector but also achieving it in a manner that makes us admired by our stakeholders,” says Sanjay Sharma, MD & Founder, Aye Finance.
With the intention to elevate India's flourishing MSMEs at an elementary level under the folds of organized lending and riding utilizing the innovative model, the company has had an exceptional growth story. Aye was established in 2014, and so for its has disbursed close to 
2,900 crores worth loans, and has an asset book of more than 1,600 crores.
Aye has been successful in disrupting the status quo in micro-enterprises lending by implementing the industry-clusters approach. The approach's unique methodology merged with various data-driven and behavioral scorecards elevates Aye at a vantage point to make robust lending decisions and to control the quality of its asset book. By implementing its innovative business model, Aye has made it to the list of 268 systematically Important NBFCs in India. Aye's extraordinary success in the MSMEs lending segment has also propelled it to make the transition from a start-up to a mid-sized company within a span of six years.
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