Binod Mallick

Neev Credit

Neev is a Non-Banking Financial Company (NBFC), incorporated with a socio-economic objective of making better education affordable to the masses in India. It has been founded by a group of five highly qualified professionals with a vision to remove the biggest barrier to quality education in our country, viz., availability of finances with the parents to be able to provide the best possible education for their children. Neev is currently operating in Six cities, viz., Bengaluru, Mumbai, Hyderabad, Kolkata, Pune and Nagpur with plans to expand operations in many more cities very soon. We have extensive tie-ups with some of the most renowned schools, educational institutions, vocational training centres, executive education providers in these cities. Since most of the Institutions providing quality Education and Infrastructure have moved to a model of collecting entire years fees in either 2 or 3 installments, it creates a financial stress among parents who can otherwise afford the same if the same has been 8-10 installments in a year. However if these institutions collect the fees in 8-10 installments, they tend to loose their efficiency as it becomes difficult for them to manage their internal working capital issues. Hence Neev comes in between as a solution provider wherein it intends to solve this gap between Parents and the Institutions in terms of Cash flow issues by proving a short term loan to these parents enabling the parents to afford quality education for their children. Neev offers a financial loan to the parents for the amount due to the Institution for a particular term at the beginning of the period, at a pre-agreed rate of interest. The parent then repays the loan to Neev in equated monthly installments over the period of the loan term.