The workshop was attended by Editor-in-Chief of Lao Dong Newspaper Nguyen Ngoc Hien, Director of Payment Department (SBV) Pham Anh Tuan, Mr. Nguyen Quang Hung - Chairman of the Board of Directors, Vietnam National Payment Joint Stock Company (Napas) and experts, leaders of banks and payment companies.
At the discussion session, Ms. Nguyen Thi Ngoan - Chief Financial Officer of MISA Group, CEO of JETPAY emphasized the journey of accompanying small and micro enterprises to effectively access credit through the MISA Lending loan connection platform.
Vietnam's small and micro enterprise market is considered a potential "gold mine" when it accounts for 40% of the workforce and contributes 18% of the total outstanding credit balance of the banking system. However, currently 97% of Vietnamese enterprises are small and micro, but most of them still have difficulty accessing unsecured loans due to lack of documents, complicated procedures or high costs. Therefore, if the problem for this group of customers can be solved, it will be an opportunity to promote the country's economic development, while helping banks access a large market with great potential but still untapped.
From that reality, MISA determined the mission of building MISA Lending as a platform that directly connects small and micro businesses with banks, based on digital data from MISA software. With nearly 400,000 corporate customers using cloud solutions, this system provides a source of "live data" confirmed by businesses to help banks assess risks in real time, thereby limiting bad debt and creating conditions for quick and transparent disbursement.
“Online and unsecured loans are the key to solving the bottleneck of accessing capital. With MISA Lending, the goal set from the beginning was to create a breakthrough loan process: only 5 minutes to complete the application, 1 day of approval, no collateral required” – Ms. Nguyen Thi Ngoan affirmed.
Through the MISA Lending platform, banks can evaluate the financial capacity of businesses based on both static and dynamic data, thereby minimizing the risk of bad debt. Static data includes credit history, information from the national credit institution (CIC), tax reports and financial obligations. Dynamic data reflects daily cash flow, electronic invoices, accounting and human resource data. This combination provides a more accurate and transparent picture in credit scoring.
After convincing banks to change from traditional methods to digital data-based methods, MISA Lending has achieved impressive results: connecting with 12 banks and credit institutions, granting credit limits of nearly 16,000 billion VND, disbursing nearly 30,000 billion VND, with a loan success rate of 30% - 10 times higher than the traditional model.
With these achievements, MISA proposed that the State Bank allow participation in the pilot of the P2P lending sandbox model based on digital data, and at the same time open access to national credit data (CIC) to increase flexibility in guaranteeing for businesses. Businesses also expect commercial banks to boldly cooperate with digital platforms to reduce appraisal costs, evaluate customers quickly and accurately, thereby effectively exploiting the small and micro business segment.
Not only MISA Lending, MISA is also a pioneer with JETPAY BankHub - a breakthrough Open Banking solution with more than 30 comprehensive digital transformation products for the government , businesses and individuals.
At the end of the discussion, the MISA representative emphasized: “The small and micro enterprise sector is an untapped 'gold mine'. If we untie the bottleneck of accessing credit capital based on digital data, we will open up new growth drivers and move closer to the goal of Vietnam becoming a high-income country by 2045”. With a comprehensive digital ecosystem, MISA is ready to accompany Vietnamese enterprises on every development journey, towards a digital and prosperous future.
Source: https://www.misa.vn/153437/mo-khoa-mo-vang-von-vay-cho-doanh-nghiep-nho-va-sieu-nho/
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