Open Credit Enablement NetworkDemocratising Credit
Credit gap for MSMEs is ₹20 - 25 trillion
Less than 11% of MSMEs have access to formal credit
OCEN is an attempt to solve these problems by creating a framework for
Short tenures & small ticket loans
Allow remote lenders to operate in distant geographies
Allow consented access of alternate sources of data
How it works
Introducing OCEN 4.0: Transforming MSME Lending
Deep Dive Into OCEN 4.0 Tech
OCEN 4.0: Intro to Borrower Agent Openhouse
OCEN 4.0: Intro to Lenders Openhouse
IN THE NEWS![OCEN 4.0 unveiled to facilitate short-tenor loans to MSMEs - The Economic Times](https://img.etimg.com/thumb/msid-102835370,width-650,height-488,imgsize-13264,,resizemode-75/msmes.jpg)
!['All about helping Rajni' — tech gurus at iSPIRT quietly power India's digital revolution - The Print](https://static.theprint.in/wp-content/uploads/2022/06/ispirt-1.jpg?compress=true&quality=80&w=800&dpr=2.0)
![Open Credit Enablement Network will democratise credit, help small businesses : Nandan Nilekani - The Financial Express](https://www.financialexpress.com/wp-content/uploads/2020/07/1-788.jpg)
Read how OCEN is making waves
![OCEN 4.0 unveiled to facilitate short-tenor loans to MSMEs - The Economic Times](https://img.etimg.com/thumb/msid-102835370,width-650,height-488,imgsize-13264,,resizemode-75/msmes.jpg)
OCEN 4.0 unveiled to facilitate short-tenor loans to MSMEs - The Economic Times
OCEN is a framework of application programming interfaces (APIs) for interaction between lenders, loan agents, collection and disbursement partners, derived data providers, and account aggregators.
Article
3 min read
!['All about helping Rajni' — tech gurus at iSPIRT quietly power India's digital revolution - The Print](https://static.theprint.in/wp-content/uploads/2022/06/ispirt-1.jpg?compress=true&quality=80&w=800&dpr=2.0)
'All about helping Rajni' — tech gurus at iSPIRT quietly power India's digital revolution - The Print
With the fictitious Rajni from rural India as its guiding light, iSPIRT has been using internet & software to change structure of country’s economy, with aim to improve quality of life.
Article
8 min read
![Open Credit Enablement Network will democratise credit, help small businesses : Nandan Nilekani - The Financial Express](https://www.financialexpress.com/wp-content/uploads/2020/07/1-788.jpg)
Open Credit Enablement Network will democratise credit, help small businesses : Nandan Nilekani - The Financial Express
Nilekani said India has become a “hotbed” of fintech innovation with inception of the UIDAI and NPCI over a decade ago and products like IMPS, FastTag and UPI have made transactions easier.
Article
2 min read