Happy Loans Disbursed 20 Cr of MSME Loans Covering Entire India
Happy Loans, a digital micro-lending venture has disbursed more than 7200 loans worth of Rs 20 crore to MSMEs and the company has also spread its wings to geographical boundaries to provide micro-lending solutions to 26 states across the country.
Happy Loans provide credit to micro-entrepreneurs from Rs 2000 to Rs 100,000.
The firm uses updated technology and data-driven systems to provide loans to a targeted audience by adopting latest complex technology at the back-end to go-green and provide paperless and convenient access to credit for small and micro businesses.
Happy works closely with its entire team to provide smooth, minimal documentation and swift services of loan disbursal to its customer.
Since the launch of Happy Loans, it has achieved great heights and now aiming to empower those section of India’s underserved businesses which are in larger numbers.
“We focus on happy borrowing experience for our customers, unlike traditional methods that require visits to branches, extensive documentation and signing endless forms. We’ve seen the very strong uptake of our loans and with the support of current and upcoming partners, we aim to achieve the Rs 100 crore disbursement mark and a prospect base of over 5.5 million merchants by the financial year 2018,” said Manish Khera, chief executive officer, Happy Loans.
The company has set a target to spark their growth and to reach the goal of 50,000 loans soon, the firm said in a release.