CredRight

Wishing you a very happy, healthy & prosperous new year - Team CredRight

Great to learn from others and to share the @CredRight learnings. Onwards to further the cause of financial inclusion twitter.com/Accion/status/…

@Accion @prateek_dc @goodfynd @R5_co @CGAP @neerajbans Thanks for providing the platform to CredRight to share its learnings

A new episode of Fintech for the People podcast is here 🎧 Our @prateek_dc talks with leaders from @goodfynd, @R5_co, @CGAP, and @CredRight about how they balance tech and touch within their products. Listen here: link.chtbl.com/77iWA_cN

May your christmas be magical, Merry Christmas! #msme #digitallending #msmelending

Ganpati Bappa Morya! Team @CredRight wishes all a very Happy Ganesh Chaturthi 🙏🙏🙏

Wishing all of us a very Happy Independence Day! This day we re-pledge to fulfill our mission of "Independence from Poverty" #aazadikaamritmahotsav #independenceday #msmeloan #financialinclusion

CredRight's sole purpose is to be of use to Self-Employed Business person get access to meaningful credit in simple and efficient way. Hear from our happy customer, how we did our bit🙏🤝👏 #financialinclusion #msmeloan #digitalloan #smallbusinessloan

Chit Funds in India credright.wordpress.com/2021/04/16/chi…

5 Steps to get your small business loan approved within 24 hours credright.wordpress.com/2021/03/26/5-s…

Big thumbs up to Zoho Payroll from us!

6. We follow a rigorous process of underwriting and due-diligence before recommending the lending partner to disburse loans. Customer first is our motto. Once again we requests borrower to be aware of such lending apps and avoid them at all cost. Keep safe!

5. At @CredRight we inform the customer that we are a loan facilitator and the loans are disbursed via NBFCs or Banks which are regulated. We also have the utmost respect and empathy for customer and never resort to illegal means to recover money.

4. Few individuals have borrowed from 25/30 such apps at the same time in order to borrow a large sum and fall in the debt trap

3. Borrowers get attracted to them as their are no checks and loans are disbursed within minutes. However, such loans charge upwarrds of 40%-60% per annum, are a burden on the borrower and also on the lending ecosystem as they are creating a bad credit culture.

2. Such lending apps create whatsapp group of borrower contacts and name & shame the borrower. They also call the contacts & abuse. Please beware of such apps

1.Telangana and many other states are witnessing rise of lending apps which are lending short term & small ticket loans by themselves (without any license from RBI). They get access to all contacts before disbursing loans and in case of missed payment or defaults harrass borrowes

Team CredRight & I, wish you & your loved ones a very happy, safe & prosperous Diwali!

Kudos to #NPCI for the payment rails they have built and consumer education they did for adoption of these rails. #MSMEs are going digital and in a big way!

During the 3 months of lockdown we have been able to collect from majority of our customers using digital channels ( e-mandate, NACH, IMPS, payment gateways) and these when most of our customers are #MSMEs from Tier-2/3 cities/towns

4) Reach out to @CredRight for any help & support with adopting digital payments or accounting software or if you have a loan requirement. We are happy to help & with you at all times!