Vaya Trust
About Us:
- Vaya was established in 2014 by a team of seasoned MFI professionals. Vaya is a next generation microfinance company. The core management team has a deep understanding of rural poverty. We currently operate in six states with a strong employee base of 2,000 and growing.
- Vaya uses the peer group lending model to offer unsecured, income-generating loans. Over the years, Vaya has pioneered tab-banking, and with the adoption of the government’s UIDAI public infrastructure scheme, we have made our services more efficient and secure.
- Vaya leverages the the customer’s Pradhan Mantri Jan Dhan Yojna (PMJDY) account and mobile connectivity to disburse the loan directly into the borrower’s bank account.
- As an NBFC-MFI, Vaya follows the RBI defined margin caps on the rates charged to its borrowers – 10% or 12% based on cost of funds and the average base rate of the 5 largest commercial banks every quarter. Vaya also recovers actual cost of insurance from the borrowers.
