Goal of the project
The purpose of this project is to use Information and Communication technology to solve the two problems mentioned above. In particular, we are trying to develop a complete solution, which include hardware and software, to achieve the following:
1. Provide a mean for Supple and Demand of microloan to meet
2. Create a market for microloan
3. Shift bargain power from Institute to individual
From a social responsibility stand point, the goals are:
1. To help the very poor people in India to find the best rate available for their microcredit.
2. To lower the interest rate of microcredit by attracting more financial institutes in the microfinance market and hence increasing competition among the institutes.