--- type: "industry" title: "Microfinance APIs" description: "Digitize MFI field operations — AePS biometric collection, instant disbursal, group loan management. NPCI compliant. Trusted by 50+ MFIs." slug: "microfinance" category: "financial-services" canonical: "https://eps.eko.in/industries/microfinance" --- > **Canonical URL:** https://eps.eko.in/industries/microfinance > This is a machine-readable Markdown version of the page for AI agents and LLMs. The primary (HTML) version lives at the canonical URL above. # Microfinance APIs for India's MFIs Digitize field operations — from group loan disbursals to biometric collections — with a single API stack built for India's microfinance sector. To get started, fill the form at https://eps.eko.in/signup (with your name, mobile number and email) or call us at +919513181707 ## Trust Signals - NPCI compliant - Reliable, high-volume workflows ## The Challenge India's 10,000+ MFIs serve over 60 million borrowers — yet most still rely on cash collection, paper receipts, and manual reconciliation. The result is high operational costs, fraud risk, and delayed reporting. Eko brings MFI field operations into the digital age with biometric authentication, instant disbursals, and digital collection rails. ## Recommended Solution Packs ### MFI Field Operations Pack _(featured)_ Digitize field collection and disbursal with AePS + DMT. **Includes:** AePS, DMT, Bank Verification, Reverse Geocoding [View solution pack](https://eps.eko.in/solutions/mfi-field-operations-pack) ### Lending KYC Pack Full borrower KYC for group and individual loans. **Includes:** PAN Advanced, Bank Verification, DigiLocker, ITR [View solution pack](https://eps.eko.in/solutions/lending-kyc-pack) ### Rural Financial Services Pack Bring banking to underserved areas. **Includes:** AePS, DMT, BBPS, PAN [View solution pack](https://eps.eko.in/solutions/rural-financial-services-pack) ## Recommended APIs | API | Description | Relevance | Link | Markdown Link | | --- | --- | --- | --- | --- | | AePS Cashout | Biometric cash withdrawal for borrowers and field agents | High | [Details](https://eps.eko.in/products/aeps-api) | [Markdown](https://eps.eko.in/products/aeps-api.md) | | DMT | Instant loan disbursals to borrower bank accounts | High | [Details](https://eps.eko.in/products/dmt-api) | [Markdown](https://eps.eko.in/products/dmt-api.md) | | Bank Verification | Verify borrower accounts before disbursal | High | [Details](https://eps.eko.in/products/bank-verification-api) | [Markdown](https://eps.eko.in/products/bank-verification-api.md) | | PAN Verification | KYC identity check for borrowers | High | [Details](https://eps.eko.in/products/pan-verification-api) | [Markdown](https://eps.eko.in/products/pan-verification-api.md) | | BBPS | Digital EMI collection via Bharat Connect | Medium | [Details](https://eps.eko.in/products/bbps-api) | [Markdown](https://eps.eko.in/products/bbps-api.md) | | Reverse Geocoding | Verify the field officer's GPS location at each collection visit | Medium | [Details](https://eps.eko.in/products/reverse-geocoding-api) | [Markdown](https://eps.eko.in/products/reverse-geocoding-api.md) | | Voter ID Verification | Alternate government ID for rural members without PAN | Medium | [Details](https://eps.eko.in/products/voter-id-verification-api) | [Markdown](https://eps.eko.in/products/voter-id-verification-api.md) | | Name Match | Match member name across Aadhaar, bank, and scheme records | Medium | [Details](https://eps.eko.in/products/name-match-api) | [Markdown](https://eps.eko.in/products/name-match-api.md) | ## Use Case Scenarios ### Digital group loan disbursal **Situation:** An MFI disburses group loans to 500 borrowers weekly. **Integration:** DMT API sends funds directly to verified bank accounts. AePS enables cash withdrawal at local agents. **Outcome:** Disbursal time cut from 3 days to same-day. 40% reduction in cash handling costs. ### Biometric field collection **Situation:** Field officers collect EMIs door-to-door with cash. **Integration:** AePS-based biometric collection replaces cash. Each repayment is instantly recorded and reconciled. **Outcome:** Zero cash leakage, real-time portfolio reporting, 25% lower operational cost. ## Why Eko ### Built for rural India AePS works with just Aadhaar + fingerprint — no smartphone needed. ### Real-time reconciliation Every disbursal and collection is instantly logged — no end-of-day manual reconciliation. ### Dual AePS gateway FingPay + FINO gateways ensure high success rates even in low-connectivity areas. ### Field-tested at scale Powering 200K+ agent touchpoints across Tier 2–5 India. ## Integration Steps 1. **Sign Up** — Sign up in minutes at Developer Console page with your mobile number (OTP verify). 2. **Verify Identity** — Complete your basic KYC with PAN and address details to verify your identity. 3. **Test APIs Live** — Load funds into your wallet and test the APIs live before integrating. 4. **Integrate** — Send your developers to eps.eko.in/ai for free AI plugins & tools to integrate faster. 5. **Go Live** — Get production credentials and start processing real transactions. ## Compliance ### RBI NBFC-MFI Directions Eko's stack supports group lending workflows with verified borrower accounts. ### PMLA/AML compliance Aadhaar verification and biometric authentication for enhanced due diligence. ## FAQs ### Does AePS work in areas with poor connectivity? Yes. AePS transactions require minimal bandwidth and Eko's dual-gateway ensures fallback routing for maximum success rates. ### Can field officers use their own biometric devices? Eko supports 5 STQC-certified devices. Field officers can use any supported device with the Eko agent app. ### How does bulk disbursal work for group loans? Upload a batch of beneficiaries via API. Eko verifies accounts and disburses via DMT/IMPS with webhook status updates. ## Related Industries - [Lending & NBFC](https://eps.eko.in/industries/lending-nbfc) ([markdown](https://eps.eko.in/industries/lending-nbfc.md)) - [Agent Networks (CSP/BC)](https://eps.eko.in/industries/agent-networks-csp) ([markdown](https://eps.eko.in/industries/agent-networks-csp.md)) - [Agriculture](https://eps.eko.in/industries/agriculture) ([markdown](https://eps.eko.in/industries/agriculture.md)) - [Site index](https://eps.eko.in/index.md): Full list of API products, industries, and solution packs