FlexiEMI for Gig workers

FlexiEMI for Gig workers

FlexiEMI for Gig workers

An EMI calculator that helps Gig workers navigate their finances. The new budget includes the gig workers and their contributions. But nobody sees the struggle of irregular income and hefty interest payments they have to make before buying any asset like a car, or home. FlexiEMI is a calculator made to help them adjust their payments based on their monthly income and save the interest payments while repaying their loan early.

Somya G

Somya G

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Project Overview

Finance is often seen as cold and transactional, but at its core, it's about human aspiration. I saw a system that punishes millions of hardworking gig workers for having a variable income. The stress and anxiety this creates isn't just a number on a spreadsheet; it's a barrier to a better life. My strategy was to address this with an approach built on empathy and structure. Identify the Core Flaw: The fundamental mismatch between rigid, fixed-EMI products and the flexible reality of the gig workforce. Build a Trust-First Solution: Create a transparent, visual tool (FlexiEMI) that puts the user back in control. We eliminated the jargon and hidden fees that cause anxiety, replacing them with clarity. Align Profit with People: Design a business model where our success is directly tied to our users' savings. This transforms the traditionally adversarial relationship between lender and borrower into a true partnership. My goal was to design a system that is not just profitable, but also fundamentally fair. It's a strategic intervention to prove that empathy is the most undervalued asset in finance. Demo link: https://gig-loan-helper.preview.emergentagent.com/

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FlexiEMI_ Somya Gupta

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