Inspiration
This Women’s Day, we came up with a solution that empowers women in any domain that you can think of. Purpose, Impact, and Empathy, together are key to our theme.
What it does
Problem Statement
- Women are more difficult to reach through the usual channels that target men related to finance.
- Providers have less incentive to cater to women.
- Social norms constrain women’s demand for financial services.
- Managerial constraints.
- Lack of entrepreneurial initiative.
- Lack of a support network.
Our Solution
- We have developed an innovative the platform which allows the woman to get their personal & business loan with less paperwork instantly.
- We also provide free mentorship to the aspiring female entrepreneur who wishes to start their own business/career.
- Emerging Female Entrepreneurs will have a chance to raise their funds through various government policies
How we built it
- We will reduce the time taken to get the loan by making everything online. We'll sign MOU's with a different bank which helps us for making this possible. The process of getting a loan is pretty simple and straight-forward.
- Verification of the loanee will be done through valid government identification proof. One of the agents from our side will verify the details through real-time videoconferencing and assign the loan within few minutes.
- We will provide a good network to female entrepreneurs which help them for emerging their brand in the market under the best supervision.
- Regular meetings and one-to-one sessions will be conducted with successful entrepreneurs in order to guide the emerging entrepreneurs.
Impact
- Woman entrepreneur develops confidence, helps her achieve her business goals builds her wealth, independence, and security, and empowers her to create a better future for herself and her family.
- They will get a platform to sharpen their career and entrepreneurs who seek mentorship significantly increase their chances of success regardless of gender.
Challenges we ran into
- As we are new to designing, learning designing was a bit tough for s.
- Had our exams and offline classes
Accomplishments that we're proud of
- This was our first ever design hackathon
What we learned
- Learned about Figma, Anima, Framer, and Balsamiq
What's next for Femesta
- We are thinking of implementing this in one of our local idea for a startup.
Built With
- adobe-illustrator
- adobexd
- anima
- balsamiq
- figma
- framer
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