KITTANGI:

An initiative of Nagarathar Chamber of Commerce only as a facilitation partner with Monexo - an online NBFC P2P (Peer to Peer) Lending marketplace where people borrow and lend money to each other.

NBFC - P2P - Non-banking Financial Companies - Peer-to-Peer

• Recognised by RBI
• Connects the lenders directly with the borrowers using a digital platform thereby eliminating the intermediary margin and ensuring lower interest rates
• Has freed up the supply side of credit by helping individuals channel their savings into an asset class that helps them earn like a bank., thereby helping borrowers break away from exploitative practices of unorganised sector
• Offers more options to small businesses - to meet a temporary shortfall in cash, pay salaries, execute a sudden large order or to do something innovative
• Creates an Inclusive Financing Ecosystem. Small businesses are often considered risky to lend. This gap is met by NBFC P2P with the use of tech-based credit algorithms that considers new-age data points and is able to list borrowers, that would otherwise be denied by banks and traditional Financial Institutions
• New to credit (NTC) and Young Entrepreneurs are supported through this platform
• Empowers Women Entrepreneurs
• It Uncomplicates the entire loan process