NMB Laghubitta Bittiya Sanstha Ltd. has implemented and has gone live with the Credit-X (Loan Automation System) to automate and digitize processes like Internal Loan Workflow, Risk Assessment, Credit Documentation and Approval of loan including post approval documentation like offer letter and loan deed in partnered with S.B Solutions Pvt. Ltd. Anand Pandey, Chief Executive Officer of NMB Laghubitta Bittiya Sanstha Ltd and Bipul Dhakal, Chairman of S.B Solutions signed the agreement on behalf of their respective organizations.
With the introduction of the Credit-X (Loan Automation System), NMB Laghubitta Bittiya Sanstha Ltd will not only be able to replace the paper dependent loan workflow entirely, but will also able to mitigate the credit risks associated with loan clients by monitoring of risk parameters within the system and help Microfinance to process the loan quickly. The System is also capable to process the Collateral and Non-Collateral Base Loan within the system.
Loan Automation System is built on internal ratings based approach as per the international standards. Along with objective assessment of a client which is primarily system driven, and is standardization of subjective parameters as well. With this new system implementation, Microfinance and end consumers can get benefits with an estimated of more than 50% reduction in turnaround time of the loan processing and approval process.
NMB Laghubitta Bittiya Sanstha Ltd received the operating License from Nepal Rastra Bank to function as an “D” Class Microfinance Company. It has achieved the triumph to establish itself as a Strong & Reliable Microfinance in Nepal. NMB Laghubitta Bittiya Sanstha Ltd has a customer base of around 2+ Lakh and 110+ Branches spread all over the country.
S.B Solutions Pvt. Ltd has been working in association with DigiHub Pvt Ltd in the Fintech and Lending Digitization & Automation of banking products and processes with a wide selection of products like Credit-X and APIMS. Currently more then 40+ Financials Institute and corporate houses have been using the systems built by SB Solutions Pvt. Ltd and DigiHub Umbrella Group.