Ujjivan Financial Services has taken another decisive step towards its proposed small finance banking operations by earmarking more than Rs 300 crore, to be invested for implementing and integrating its core banking technology over the next five years. The company will be focusing highly on mobility solutions and will implement mobile technology using cell phones and handheld devices to reach the rural customers.
Ujjivan started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions. The company offers a diverse range of loan products to cater to the specific requirements of its customers. Its products can be classified under two broad categories, namely, group loans and individual loans.
