This NGO provides interest-free loans to small enterprises and other top SMB stories of the week
This week, SMBStory also witnessed the journey of athleisure brand Hammer that offers audio devices in various categories, clocking Rs 12 crore so far in the current fiscal.
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Banks and financial institutions consider lending to micro businesses too expensive owing to the small ticket size of the loans. Further, legacy credit systems usually don’t have significant data on credit histories of India’s micro-enterprises. Looking to address this credit gap, this week,
SMBStoryspoke to
Our top picks also include
athleisure brand Hammer that sells wireless audio devices. The brand managed to double its turnover to Rs 12 crore this year from Rs 6 crore in the last fiscal.