Small businesses set to grow with easy loans at SOLV’s Vyapar Loan Mela

Small businesses set to grow with easy loans at SOLV’s Vyapar Loan Mela

Trusted lenders, minimal paperwork and low interest rates prove a big draw for small businesses

21 FEB 2020

SOLV, a digital marketplace for small and medium businesses offering financial and business solutions for the segment, is witnessing an enthusiastic response to the Vyapar Loan Mela organised by it at Karol Bagh. Launched on 20th February, the loan mela will run till the 22nd of February and has already had hundreds of small businesses express an interest in availing unsecured loans facilitated by SOLV.

The Vyapar Loan Mela is an initiative by SOLVto provide a one-stop solution for the credit needs of small businesses that often lack access to formal credit, in partnership with lenders like LendingKart, Indifi and Flexiloans, by customising credit policies to meet the needs of SMEs.

Small business owners from sectors like Mobile and Mobile Accessories, Apparel, FMCG, Auto, Electronics and Hotels, Restaurants, and Cafés located in the area are visiting the loan mela in big numbers.

Mr. Manmohan Singh Sehgal, Chairman, Delhi Mobile Traders Association, attended the event as a chief guest. Speaking about the loan mela, he said, “Small businesses are always looking for growth opportunities, but are often held back due to a lack of easily accessible loans at the right time. Many small business owners are not adequately aware of the different options available to them today, to secure loans. A digital platform like SOLV, an initiative of Standard Chartered Ventures, can help overcome these barriers with its financial and business solutions. An event like this loan mela is valuable to small businesses on their growth journey.”

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