About dhanaX

dhanaX is an online-offline person-to-person lending platform that allows Indians to lend and borrow money from each other.

dhanaX is inspired by the idea of an online community's ability to come together and help each other. dhanaX works within the ambit of Social Business or Social Enterprise. Successful experiments worldwide in micro-credit have shown how low income people can also aspire for financial and social advancement.

Dhana signifies wealth and dhanaX stands for the exchange of wealth. dhanaX is a stable, secure platform for exchange of micro loans. dhanaX works at two levels - Online it communicates with individual lenders and generates loans; Offline it networks through agents to build a database of credible borrowers. Willing lenders are then brought in direct contact with needy borrowers. Loans thus accessed go a long way in helping small farmers or entrepreneurs to supplement their farm income or start a small business.

Location:

dhanaX Web Technologies Pvt. Ltd., is headquartered in Bangalore. The company was flagged off by a team of enthusiastic, highly dedicated individuals with competent track records in financial services, management and technology. dhanaX foresees an economically stronger society created by a community-led revolution.

dhanaX aims to be a pioneering model for successful and innovative online social lending.

1. Provide easy access to credit for unbanked Indians and help them escape from debilitating debt cycles.
2. Provide a profitable investment opportunity for the social investor.

With only 34% of its population having access to formal banking systems, India has the second-highest number of unbanked population in the world - about 135 million or approximately 675 million people. Total credit supply, through existing formal channels, responds to only 15% of the $90 billion demand. The only credit alternatives for millions of underprivileged people are local pawnbrokers or moneylenders, who usually charge anything between 40-120% interest rates per annum.

Research has established that micro loans boast a 95% repayment rate worldwide. This is incentive enough for Investors to consider social lending as an attractive investment avenue. Nothing is more rewarding than the ability to empower the community around you. Both emotionally and financially too. dhanaX aims to prove just that.

dhanaX salutes the entrepreneurial spirit in India's small towns and villages.

At dhanaX, the power of microfinance to transform lives motivates and drives our passion. dhanaX draws inspiration from the entrepreneurial spirit of thousands of small farmers, underprivileged women and small business owners across the globe.