“For the past few months, we’ve been piloting, on a very low scale, secured lending among our existing customers. We’re testing gold loans, auto loans with a focus on two-wheeler funding, home loans along with loan against property and loans to small businesses,” Creditaccess Grameen Managing Director and Chief Executive Officer Udaya Kumar told PTI.
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Over the next five years, the secured book may touch 10 per cent of the AUM and will not and cannot cross 25 per cent of the book since “we want primarily to be a microlender”, Kumar said.
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