Printer Friendly

Happy Loans disburses Rs.20cr worth loans to MSMEs.

Summary: New Delhi [India], Feb 21 (ANI): Microlending platform Happy Loans surpassed the disbursal of 7200 loans, totally worth around Rs. 20 crore.

New Delhi [India], Feb 21 ( ANI ): Microlending platform Happy Loans surpassed the disbursal of 7200 loans, totally worth around Rs. 20 crore.

Further, the company has expanded the geographical reach of its microlending solutions to 26 states in the country.

Happy Loans uses technology and data-driven systems to provide targeted micro entrepreneurs credit from Rs 2000 to Rs 1,00,000 with an average ticket size of Rs. 30,000. The company's proposition is paperless and convenient access to credit for small and micro businesses which it achieves using complex technology at the backend.

Happy works closely with all of its partners for seamless lead generation, minimal documentation, and swift loan disbursal for its customers. Having achieved rapid scale in a year since its launch, the firm now aims to empower a much larger section of India's underserved businesses.

"We are a mass-market focused business bringing the advantages of technology to the unserved customers. Our microlending platform has already crossed the disbursement milestone of Rs. 20 crore. Today, as we engage with the MSME sector attempting to grow in a challenging market environment, we are extremely proud of the progress we have made so far in touching the lives of business owners across the country for the better. We will push further into the financial hinterlands of our country to spark their growth story, and aim to reach 50,000 loans soon," said Happy Loans Founder Manish Khera. ( ANI )

Copyright [c] 2018 aninews.in All rights reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2018 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Asian News International
Geographic Code:9INDI
Date:Feb 21, 2018
Words:277
Previous Article:250 civilians killed in Syria 'bombardment'.
Next Article:Palestine calls for Middle East peace conference.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters