Digital Loans to Small Businesses | Story of Indifi | Alok Mittal, Founder & CEO | Episode 166

India has 64 Million Micro, Small & Mid Sized Businesses (MSMEs) in India. However, only 12% of them have access to formal credit. There's a massive $530 Billion Credit Gap in this market. In simpler terms, the total demand for formal loans by MSMEs in $819 Billion, out of which $530 Billion is unmet. <br/><br/>The problem is that banks don't have the right products and the right business model to serve the MSMEs. That's where Indifi is revolutionizing the market with its Digital Loans made based on Alternative Sources of Data. <br/><br/>I host Mr. Alok Mittal, Founder of Indifi Technologies on understanding the problems in the market and how they are solving it. <br/><br/>If you want to stay updated about our latest episodes or just want to say hi, you can join our No Spam WhatsApp group here: https://bit.ly/3Q0To2K