A common thread across rural sources of livelihoods is their informal nature and consequentially the absence of monthly cash flows.
The cash flows are often irregular, and the variations may range from being daily to being seasonal in nature. Most rural households depend on multiple sources of income for basic needs like food, shelter and access to essential services like health and education.
Particularly for agriculture, we understand that riskiness of the business is contributed to three main factors:
- Time lag between investments and returns
- Volatility of commodity markets
- Underdeveloped financial markets
Dvara E-Registry aims to help channel financial products to rural India using an intelligent blend of macro and micro alternative and traditional data to bridge the information asymmetries between clients and providers.
By harnessing a variety of technologies like mobile and GIS and the power of Machine Learning, E-Registry makes the process of participating in the mainstream financial marketplaces seamless and enables customisation of products.
These credit products will add additional value when coupled with adequate agricultural know-how, access to relevant information about government schemes, agri-services, and price awareness across marketing platforms. Better farm productivity and price realization for farm produce ensure the ability to repay loans at market-determined interest rates.