Happy Loans projects disbursing more than 7 lakh loans to micro enterprises.New Delhi: Happy, an innovation-driven working capital fulfilment platform for Indian MSMEs (micro, small and medium enterprises) has unveiled its growth projection and road map for the next two years.
The platform projects disbursing more than 7 lakh loans to micro enterprises operational across all key geographies of the country.
"At Happy Loans, we intend to bring a complete reversal of the order and extend the merits of our fast-growing economy to the bulging bottom of the pyramid, i.e.
smaller businesses.
This is our vision for India and micro enterprises catering to its market," said founder and CEO, Happy, Manish Khera."By 2020, we will disburse about 7 lakh loans to MSMEs as our in-house projections indicate.
This will help these MSME businesses to fulfil their working capital needs and to avail emerging business opportunities within the market.
We are confident that Happy Loans, with its unique approach, will be successful in bringing the desired level-playing field for underserved businesses in India," added Khera.At present, the platform has disbursed more than 18,000+ MSME-based merchants loans.
The platform also has over 15 partners onboard, giving it an access to over five million merchants across the country.