Contact Number : +91 99671 47837
Information enables, knowledge empowers, wisdom elevates. In this age of smart phones and digital enablement for all, new forms of credit are constantly coming to our door steps; being aware can transform the way we think about funding our businesses. We are passionate about issues that surround small businesses and this space is devoted towards spreading awareness about various tools that can benefit entrepreneurs. Keep reading..

12

Dec, 2016

The promise of digital finance to Small Businesses

By: | Tags: | Comments: 0

There are ~60 mn small businesses in India contributing to ~37% to India’s GDP. Most of these borrow for business needs at usurious rates of 3-4% per month from informal sources. By some estimates, the total demand of finance for small businesses is estimated to be ~USD 300 bn. Among the top reasons behind this high cost borrowing is lack of financial literacy and financial readiness of this segment. Financial literacy – Most small businesses are unaware that availing formal credit for business needs in a sustainable manner is a […]

READ MORE