Euro Groshi success story

Employing industry best practices to launch a PDL platform in 2.5 months
Find out how the HES MFI solution gives Euro Groshi a competitive edge by
allowing it to issue quick underwriting responses.
Founded in
2016
Markets
Ukraine
Team Size
45
Type
Microfinance Lending
Web site
It took us 10 weeks to go live and start originating hundreds of quality loans per
day.
Vladimir Khorvyak,
CEO at EuroGroshi
Challenge

Meet the European money lending standards

Euro Groshi needed to implement and comply with European money lending standards. The company
was planning to operate online without any physical branches and was looking for a field-proven
technology solution for payday loan
management
.
Approach

Robust functionality combined with well-though-out UI/UX

HES not only fulfilled all functional requirements expected behind the scenes, but also created a
comfortable UI experience for Euro Groshi’s clients. The delivered solution handles multiple loan
workflows in a single automated environment.

2.5 months

Time-to-market

30-40%

More customers in the first three months

75%

of customers apply online
Result

Online customer acquisition and loan decisions in minutes

HES MFI solution gives Euro Groshi a competitive edge by allowing it to make quick underwriting
responses and design customized loyalty programs. The credit application process for new
customers takes not more than 15 minutes. Repeat customers get loan decisions within 5 to 10
minutes.
Application
Onboarding
Contracts
Without any physical branches or servicing locations, Euro Groshi’s efforts are focused on perfecting the online
lending experience and delivering the vital personal touch.