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4 Ways How a Microfinance Company can Help Kick-Start your Business
Microlending is a concept that has changed the way people can kick-start their business in a swift manner. This can be done connecting with microfinance companies such as iServeU Pvt Ltd technology among other technology-driven ones that offer microloans in the most secure way. This form of money lending is essential for those individuals who cannot afford formal financial services. Mentioned below are four ways in which a microfinance company can help in your business growth:
1. Increased Accessibility to Required Money
One of the most rewarding benefits of lending money from a microfinance company is increased accessibility. This means that if you are in need of a certain amount of cash for resolving a business need, then this type of service provider would be your best bet, especially if you are situated in remote areas with minimal banking facilities.
2. Better Rates Offered for Repayment
Another benefit that borrowers can most definitely make a profit from is the reasonable interest rate charged on repaying the loans that they took initially. Due to this, the pressure of paying a large sum of money is off your chest and you can concentrate on utilising your business capital in a more useful place.
3. No Compromise in your Personal Life
Oftentimes, banks tend to forget that an individual who has taken a loan from them is a human being with personal needs. However, a reputed microfinance company like iServeU Bhubaneswar or any other metropolitan city would make sure that your personal life does not suffer in the process of your repaying the loan.
4. Creation of a Sustainable Economy
A sustainable economy is the one where local business owners can flourish in the same market without cutting each other’s throats. With the help of a microfinance company, a sustainable environment can be created wherein everybody profits and loss of money is not a possibility whatsoever.
By understanding the four ways in which a microfinance company can help in blossoming your business venture, it is only a matter of time that you can be on top of the business ladder in your community!
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Key Benefits of Domestic Money Transfer (DMT) Platforms
Earlier, the process of money transfer or the cash deposit was quite challenging for common people, especially for daily wage workers and unbanked people in India. They had to travel long distance to visit a bank branch, wait in long queues, and fill difficult forms to get basic banking solutions. The domestic Money Transfer (DMT) platform is a great solution to transfer money or deposit money in any bank account in India via the sender’s mobile number only.
The upcoming slides will talk about the key benefits of DMT platforms.
Round-the-clock service
DMT platforms allow users to send money or deposit cash as per their convenience. The services are available 24X7, even on Sundays and public holidays. With DMT platforms, you do not need to stand in a queue at bank branches for money transfer or cash deposit needs.
Easy and convenient
It is a very simple process as users only need to visit an authorized DMT outlet and deposit cash through technology-driven DMT agents. These agents will transfer the money to the depositor or beneficiary bank account through IMPS or NEFT.
Safe and secure transaction
DMT platforms are authentic, as well as a credible way to fulfil your money transfer and cash deposit needs. It collects some basic data of customers as per the RBI rules and regulations. On each transaction, the customer will receive SMS on the spot, or the DMT agent will provide a money receipt. iServeU Banglore is there to help them with that. The domestic money transfer (DMT) platform developed by iServeU fulfils the money transfer needs of migrant labours and other unbanked people.
So, Domestic Money Transfer (DMT) platforms provides a convenient way for easy pay, money transfer, and cash deposit in banks. It is an effortless and efficient system allowing people, including daily wage workers, and migrant labourers to adapt to the system very easily. iServeU Review, with the help of the latest financial technology, is taking financial services to every individual and business. With the motive of financial inclusion, this company has removed all the barriers that were restricting people and businesses in availing financial products and services
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