Madhya Pradesh : 13-year-old 8th class student Saksham Agarwal hailing from Sarangi, a remote hamlet in Madhya Pradesh, has developed a web-based micro-finance app that can potentially connect small business owners, and farmers from his village to lenders so that they can 1) access facilities like loans and 2) track EMIs. Saksham is learning coding from WhiteHat Jr.
The web-based app has multiple interesting features. The micro-finance app can connect a small loan borrower to a lender via a chat option. It stores lender and borrower profiles and details of the amount borrowed, period and rate of monthly payments. Further, it allows users to track their loans and reminds them about EMIs over chat. The built-in easy-to-use monthly payment calculator is another handy feature for users to calculate the EMI per month for a given amount, the loan rate and the loan period.
Sakshma’s mother Chanchal Agrawal, is equally excited, “Saksham is a very observant child. My husband is a businessman and Saksham takes a lot of interest in his work. We were pleasantly surprised and extremely proud when he told us he was building an app to help people manage their loans and track their EMIs. The concept of this application is interesting and I hope he can further develop this concept so that people actually start using his app. We’re very happy to see him work so hard and want to see him create more interesting apps. With determination and correct guidance, you can achieve your dreams even if you are living in a small city.”
Saksham’s story is testament to the fact that technology can serve as a powerful tool to empower people. Next, Saksham is working on an app to help his father, a consumer goods wholesaler, which tracks orders, manages inventory and prints receipts when small retailers place orders with him.