Model

Service Provider

Belstar has traversed a long path in its growth from being an MFI offering low ticket size loans to the under-served to also becoming a direct means of helping smaller, local institutions cater to their clients through service provider model.

A strategic initiative to leverage operational strength and deeper customer connect, the business has been an anchor to many smaller lending institutions.

The larger goal of the strategy is to help smaller local institutions cater to their customers which they were unable to serve due to dearth of funds. The other key objective is to leverage the operational strength and deeper customer connect of smaller local microfinance institutions to build a robust and sustainable portfolio.

                                       
Step 1
Initial Discussion and Screening

The initial discussion involves understanding the client’s interest in associating with Belstar, their business model and the feasibility of aligning their model to that of Belstar. If the initial discussions are effective and positive, the client shares a synopsis of their company’s profile and operations for an overview.

Step 2
Offsite due-diligence

The client shares specific documents which are verified by the Head of Inorganic vertical. If approved, the potential branches for the partnership are finalized based on the geographical presence of the client and the expansion strategy of Belstar.

Step 3
On-site due diligence

The Inorganic team visits the existing branches and the client’s head office to understand the on-ground implementation of the processes and policies and interact with the customers, sales force and management teams to plan out the proposal.

Step 4
Proposal

The management proposal along with the due-diligence report is shared with the higher management for their approval and suggestions.

Step 5
Training

Post documentation formalities, the training process ensures smooth transition and functioning of the SP branches. Training is provided on operational aspects, IT processes and organizational expectations.

Step 6
Portfolio Management

Once the SP branches go live, it is important to keep a check on the portfolio quality and process adherence. This is done through internal audits, management interactions, sharing monitoring reports and conducting monitoring visits.

Our Partners

Ambition Services Pvt.Ltd

Shikhar Microfinance Pvt. Ltd.

SaGgraha Management Services Pvt Ltd

GU Financial Services Private Limited

Finsigma Inclusive Services Pvt Ltd

Vector Finance

Life quality improvement for customers

Our intricately detailed model and products are structured so that they help advance our customers from everyday survival to well-laid plans for the future.

70,000+

Customers benefitted

Stories of change

Belstar’s success stories paint the picture of how women have inspired many by beating impossible odds and succeeding on their own for their families, with a little help from microfinance.

View All