New Delhi [India], Feb 21 (ANI): Microlending platform Happy Loans surpassed the disbursal of 7200 loans, totally worth around Rs. 20 crore. Also Read - New Delhi, Goa and Mumbai Top Booked Destinations by Indians During Valentine’s Week

Further, the company has expanded the geographical reach of its microlending solutions to 26 states in the country. Also Read - Mughal Gardens to Open For Public From THIS Date, Entry Through Online Booking Only | Check Timing, Other Details

Happy Loans uses technology and data-driven systems to provide targeted micro entrepreneurs credit from Rs 2000 to Rs 1,00,000 with an average ticket size of Rs. 30,000. The company’s proposition is paperless and convenient access to credit for small and micro businesses which it achieves using complex technology at the backend. Also Read - Costliest 'Ghagra'? Drugs Worth Rs 1.7 Crore Hidden in Lehengas That Were Being Sent to Australia

Happy works closely with all of its partners for seamless lead generation, minimal documentation, and swift loan disbursal for its customers. Having achieved rapid scale in a year since its launch, the firm now aims to empower a much larger section of India’s underserved businesses.

“We are a mass-market focused business bringing the advantages of technology to the unserved customers. Our microlending platform has already crossed the disbursement milestone of Rs. 20 crore. Today, as we engage with the MSME sector attempting to grow in a challenging market environment, we are extremely proud of the progress we have made so far in touching the lives of business owners across the country for the better. We will push further into the financial hinterlands of our country to spark their growth story, and aim to reach 50,000 loans soon,” said Happy Loans Founder Manish Khera. (ANI)

This is published unedited from the ANI feed.