India's Micro-LAP story is more interesting than I thought - 2026
Something I didn't expect when we started: micro LAP is turning into one of the more interesting corners of NBFC lending, and almost nobody's built software specifically for it.
Most loan management systems are designed around clean, salaried-borrower underwriting. Micro LAP is the opposite -> informal income, self-employed borrowers, property documentation that doesn't always look like a textbook case. NBFCs trying to grow this book end up stitching together workarounds in systems that were never designed for it.
We've had a few NBFC teams tell us the same thing: they don't need another generic LMS, they need one that doesn't fall over the moment underwriting gets non-standard. That's been a useful forcing function for us building flexible, no-code workflows that let credit teams configure their own underwriting logic instead of waiting on us to hardcode it.
No grand claim here.
I'd genuinely like to hear from anyone building or lending in the micro LAP space. What's breaking for you right now? Is it underwriting, collections, or just getting a working capital or line-of-credit product live fast enough to matter?
What stood out to me is that your customers aren't asking for more lending features—they're asking for software that reflects how they actually underwrite.
When the workflow itself is the differentiator, configurability becomes part of the product rather than just an implementation detail. That feels like a much stronger position than competing as another generic LMS.