India • Blended Finance; Banking and Capital Markets
- Sector: Blended Finance; Banking and Capital Markets
- Headquarters Country: India
- Operating Regions: India,south asia
- Founders: Vikram K. Akula
- Problem Identified: Financial help to poor and needy one of the society and country
- Solution Offered: forefront of creating market-based solutions for financial inclusion. Before becoming Chairperson of Vaya Finserv Private Limited, Vikram began working in rural development as a grassroots social worker in India.
- Social Impact: Vaya uses tablet-banking and biometric technology to deliver loans on behalf of banks to low-income people in India. Founded in 2014, Vaya was India's first banking business correspondent to have 100% electronic identity verification using the government of India's unique identification card and the first to have 100% cashless disbursements. Vaya serves 450,000 members across six Indian states and manages a loan portfolio of $110 million. Vaya represents microfinance 2.0 in the sense that Vaya blends the agility of a start-up with the deep experience of a seasoned leadership team, many of whom were early staff of SKS Microfinance.
- Awards: Vikram was named TIME magazine one of the 100 most influential people in the world, Ernst & Young Entrepreneur of the Year and is a recognized Echoing Green Fellow.
- Website: http://www.vayaindia.com/
- Score: 8 Fisheries cooperative managing marine resources
