Alok Kumar Agarwal sees huge potential in growing digital lending services across India, especially to help underserved MSMEs (Micro, Small, and Medium Enterprises) and retail customers who struggle to get traditional loans. He says, "I dream of a strong digital lending system that includes everyone, giving financial access to communities often overlooked by mainstream banks." He adds, "My goal isn’t just to provide loans but to create sustainable, growth-focused solutions that meet the specific needs of these businesses and individuals. This can be a real game-changer."
To achieve this, Alok Agarwal Alankit highlights the need for alternative ways to evaluate credit. Traditional credit checks often leave out people without a long credit history, preventing many deserving borrowers from getting the funds they need. To fix this, he supports using AI-driven tools for risk assessment that consider other data like transaction records, utility bill payments, and social behavior. These methods give a clearer picture of a borrower’s ability to repay, helping more people get loans.