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.

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