Belstar is a subsidiary of Muthoot Finance that provides microcredit solutions to underserved segments. They were granted NBFC-MFI license in 2013. Belstar partnered with Craft Silicon in 2022 for their technology needs & has been an integral part of our journey ever since. Belstar’s Loan Portfolio grew threefold in 2 years, assisted by Craft Silicon’s innovative tech solutions!

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Loan Portfolio
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Granted an NBFC-MFI License in 2013, Belstar, a subsidiary of Muthoot Finance has been offering microcredit to underserved communities. They partnered with Craft Silicon in 2022 and have been a valued part of our journey ever since.

Requirement

  • A reliable technology partner offering stability and scalability to power rapid expansion across India.
  • Strong operational support with the agility to adapt to evolving business and regulatory needs.
  • Seamless integrations with multiple internal and external APIs, to enable faster processes, improved efficiency, and smooth data flow across systems.
  • The relationship started with Microfinance and gradually the scope extended to Belstar’s MSME lending business.

Embracing technology that delivers value, much beyond the price

Craft Silicon's Solutions
  • Deployment of Core Loan Management, Field operations solutions like Group Loan Origination, Individual Loan Origination, Collection, Disbursement, Overdue Management, API Interface, and Loan Utilization systems as well as Field Monitoring System.
  • Expanded into MSME Loan Origination
  • Improved revenue recovery through robust overdue tracking tools.
  • Strengthened integration capabilities with APIs for third-party and partner systems.
  • Increased field efficiency via real-time monitoring tools.
  • Boosted customer trust with transparent and timely payment visibility.

Products used

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Nimble - Business Loan Origination System

GLOW-Updated logo (1)

GLOW - Group Loan Origination Workflow

trucell-cs

TruCell - Field Operations

track-od-cs

BR TrackOD - Overdue Management

bankersrealm-cs-logo

BR Core Banking Solution

key achievements

Implementation of e-sign process for Glow & MSME

Digital Loan Collection for faster, secure repayments

Seamless Loan Collection APIs for faster integration

DMS Integration & mobile digitization

key takeaway

Belstar’s Loan Portfolio grew threefold in span of 2 years, assisted by Craft Silicon’s innovative tech solutions.

Testimonial

Craft Silicon’s software has been a key driver in our incredible growth, supporting us to increase our loan portfolio by three fold in less than 2 years. The platform’s flexibility, ease of use, and robust functionality have allowed us to scale rapidly while improving our service delivery. We at Belstar are proud to have Craft Silicon as our Core Technology Partner.

– DHANASEKARAN S
  Chief Technology Officer, Belstar Microfinance Ltd.

 

Think Technology in Banking. Think Craft Silicon.

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BELSTAR