MSME funding platforms have truly become lifelines in a multitude of ways – from saving generational businesses from bankruptcy to helping businesswomen assert their professional and financial freedom, and so much more.
One such company is the digital lender NeoGrowth Credit. In fiscal year 2020-2021, NeoGrowth provided loans to 1,197 women – or 16.4% of total borrowers – according to its social impact report.
NeoGrowth eliminates gender biases from the loan disbursement process, welcomes women entrepreneurs and helps improve their livelihoods, thus playing a vital role in the growth of the community of women entrepreneurs.
And it’s not just women. Over the past year, the fintech startup has also extended lines of credit to new entrepreneurs, retailers, restaurants, clothing stores, pharmacies, medical clinics, and grocery stores.
Founded in 2013 by Dhruv Khaitan and Piyush Khaitan, NeoGrowth Credit is headquartered in Mumbai. It is present in 24 other cities in India.
The digital lending platform specifically targets micro, small and medium-sized businesses. It offers a range of secured and unsecured credit products for different sizes of businesses.
Click here to find useful tools to help you find the nearest immunization centers in real time.
From running 50 outlets in 20 cities, increasing revenue from Rs 86 lakh to over Rs 100 crore and launching BBK Cares, hear all from Kaushik Roy, Founder and CEO, Biryani By Kilo, in this episode of Build & Grow: Money Matters.
Editor’s Pick: Prime Venture Podcast
Sukhinder Singh Cassidy, Founder and Chairman of theBoardlist, is an investor and board member with over 25 years of industry experience. The secret to her success, Sukhinder says, lies in the clever risks she took on her journey.
In this episode of the Prime Venture podcast, Sukhinder talks about smart risk taking and balancing intuition and data in decision making. Read more.
This app provides visual cues to help the hearing impaired
Hearing impairment and deafness are common congenital disabilities in India. According to media reports, it is estimated that over 27,000 children are born deaf each year in India. Unfortunately, people who are deaf from birth also have problems with speech development because they are not able to hear their sounds.
Founded in 2014, New Delhi-based 4S Medical Research’s See Sound Live mobile app provides people born with hearing loss with visual equivalents for different sounds to help them develop their speaking skills. Read more.
Illustration: YS Design
Before you go, stay inspired with …
âWe help advance sustainable development and address societal challenges such as lack of access to capital, lack of support for entrepreneurship and gender inequality (when accessing capital through credit). “
– Arun Nayyar, CEO, NeoGrowth Credit
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