Dvara E-Registry partners with Avanti Finance to provide farm loans in 3 countries

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MUMBAI, India, August 9, 2021 / PRNewswire / – Dvara E-Registry announced a new partnership with Avanti Finance. As part of this partnership, Avanti Finance will use the Doordrishti Dvara E-Registry platform, a mailing and farmer success platform, to disburse and service targeted loans to small and marginal farmers. Dvara E-Registry’s KhetScore analytics will be used in underwriting in another important use of alternative data for credit underwriting. These loans will be issued to farmers who are affiliated with FPOs using the Doordrishti platform in the states of Maharashtra, Odisha and Rajasthan. Funded crops include, among others, rice, wheat, corn, vegetables.

Speaking about the partnership, Sanjay Mansabdar, founder and CEO of Dvara E-Registry, said:This is an important illustration of how companies can benefit rural clients by bringing their strengths to the platform. It is also an important confirmation of Dordrishti’s integrated approach to providing farmers with products and services that meet their needs. The timely disbursement of loans within this platform frees the farmer from bundling loans with inputs and outputs, allowing them to make the best decisions on their own.… “

Doordrishti, a mobile and web platform developed by Dvara E Registry, enables farmers, FPOs and partner institutions to use traditional and alternative data to digitize farmers ‘and FPOs’ lands, business activities and provide them with products and services for farms and crops. KhetScore, an artificial intelligence-based farm scoring system developed by the Dvara E Registry, uses remote sensing data from multiple satellites and enables remote multivariate assessment of both historical and simultaneous agricultural activities. Avanti will leverage the power of KhetScore and Dvara E-Registry through its Krishak Saathis and Doordrishti platform to create agricultural loan portfolios diversified by borrower, crop and geographic region without the need for a physical presence.

Sunil Kumar Tadepalli, Head of Partnerships Avanti Finance said, “In Avanti’s mission to reach underserved and unserved communities, it is critical to use alternative data, this program will be a proof-of-concept for establishing the effectiveness of underwriting at verifiable and non-credit bureau data points. We aim to attract more new credit (NTC) individuals to the formal banking system, and this partnership is a step in that direction.… “

About the electronic register of Dvara:

Dvara E-Registry is an agfintech startup creating a digital platform to improve access to agricultural services, both financial and advisory, for all stakeholders in the agricultural value chain. The startup is a portfolio company of Dvara Holdings (formerly Dvara Trust) and part of the Dvara Venture Studio group of companies, which supports entrepreneurs working on large-scale systemic changes in financial inclusion. For more information visit: www.dvaraeregistry.com

About Avanti Microfinance:

Avanti’s mission is to provide sustainable livelihoods and empower the next 100 million households with affordable, affordable financial services. It creates a co-creation platform that fosters hyper-local innovation in livelihoods and mass customization. Avanti believes that community-driven systems can digitize the social trust of users, which is critical for scale-up in the non-banking segment. For more information visit: www.avantifinance.in

SOURCE Dvara Electronic Registry

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