Enabling credit for the underserved

Digital lender NeoGrowth Credit is one such company. In FY 2020-21, NeoGrowth extended loans to 1,197 women — or 16.4 percent of the total borrowers — as per its Social Impact Report.
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MSME financing platforms have truly become lifelines in a myriad of ways — from saving generational businesses from going under to helping businesswomen assert their professional and financial freedom, and so much more.

Digital lender NeoGrowth Credit is one such company. In FY 2020-21, NeoGrowth extended loans to 1,197 women — or 16.4 percent of the total borrowers — as per its Social Impact Report.

NeoGrowth removes the gender bias from the loan disbursal process, welcomes women entrepreneurs and helps improve their livelihood, thereby playing a vital role in the upliftment of the women entrepreneur’s community. 

And it’s not just women. Over the last year, the fintech startup has extended credit lines to first-time entrepreneurs, retailers, restaurants, apparel shops, pharmacies, medical clinics, and grocery shops, too.

Founded in 2013 by Dhruv Khaitan and Piyush Khaitan, NeoGrowth Credit is headquartered in Mumbai. It is present in 24 other cities in India. 

The digital lending platform specifically targets micro, small, and medium enterprises. It offers a range of secured and unsecured credit products for different sizes of businesses.

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Before you go, stay inspired with… 

“We help advance sustainable development and address societal challenges like lack of access to capital, lack of support for entrepreneurship, and gender inequality (when accessing capital via credit).”

—  Arun Nayyar, CEO, NeoGrowth Credit


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