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Enabling Small Businesses Access Finance Easily - SMEFinancemart.com, an innovative initiative
Small Businesses suffer due to lack of capital for growth. Inadequate awareness, understanding of the numerous options available.Lenders also find it costly to source small ticket 'riskier' loans. SMEFinancemart.com attempts to bridge this gap .
A recent study by IFC Washington further corroborated the huge demand -supply gap with respect to finance for micro and small businesses. As per the report, over INR 3.9 trillion ( USD 65 billion ) is the viable debt demand that can be addressed by financial institutions. This can happen by finding efficient ways to reach these borrowers.
It is this gap that www.smefinancemart.com aims to bridge. SMEFinancemart.com is an innovative web based platform to use the power of internet reach to reach target customers apart from using offline measures to build awareness and credibility. India now has almost 200 million internet users. Additionally there are 800 million mobile phone connections . Almost 90 million smartphone users. More than half the net access is thru mobile phones. It is this fast deepening connectivity which SMEFinancemart aims use to reach these small borrowers .
But that is just the first step. In order to quickly separate the wheat from chaff , they put the borrower thru some verifications and a specially designed credit scoring tool. Pulling in additional information and reference checks , they match the most appropriate product and lender with the customer needs.
SMEFinancemart hence ensures that the small borrower does not have to search everywhere and yet not find the answer. SMEFinancemart.com cuts the time , energy and money spent by both borrowers and lenders in finding each other.
A host of good advise and tips are also provided. The company has been set up by former banker, Asim Hussain, who has spent considerable time in the indian market in the SME domain.
The company is looking for investors for adding resources and technology.
SMEFinancemart can be contacted at ahussain@