CredRight Sets Loan Disbursal Target Of ₹50 Cr For This Fiscal
Fintech start-up CredRight is targeting ₹50-crore disbursal of unsecured loans to micro, small and medium enterprises (MSMEs) in FY2020 through expansion of its operations.
CredRight has so far disbursed ₹20 crore loans to about 400 MSMEs, mainly in Telangana, Maharasthra, Karnataka and Andhra Pradesh. Its lending model is based on verification of credit history of MSMEs available with registered chit funds.
“In the next 12 months, we plan to reach out to 2,000 customers in Hyderabad, Warangal, Karimnagar, Guntur and Nellore and other cities to serve chit fund subscribers in the MSME sector,” Neeraj Bansal, co-founder & CEO, said on Tuesday.
It is partnering with chit funds to use previously untapped chit data. “Our target is to close 2019-20 with a total disbursal of ₹50 crore,” Bansal said. It is also opening its own branches now.
USAA And The Valero Texas Open Join Forces To Honor Military Heroes
Service Members and Veterans to Receive Exclusive Benefits and Complimentary Access Read more
USAA Stands Strong Amid Wildfire Losses, With More Than $1 Billion In Member Payments
Feb 05 2025 SAN ANTONIO, TX – February 5, 2025 – USAA, a leading financial services p... Read more
USAA Bank Board Appoints Michael Moran As Bank President
Jan 30 2025 San Antonio, TX – January 30, 2025 – Today, USAA Bank Board of Directors a... Read more
USAA Announces Juan C. Andrade As President And Chief Executive Officer
Global, Industry Leader and Public Servant Committed to Serving USAA, the Military Community and Their Families Read more
USAA Extends Sponsorship Of The Army-Navy Game Through 2030
Ahead of the 125th matchup of Army and Navy, USAA Continues Commitment to Academies Read more
Military Community Shows Financial Resilience, Growing Savings By 19% And Cutting Credit Card Balances By 23% Over Last Five Years, New USAA Bank Data Shows
USAA’s Military Financial Wellbeing Index highlights the impact of pandemic-era trends and inflation on service member... Read more