BharatPe aims to disburse Rs 70 cr loans to small retailers in 2019
Fintech company BharatPe Friday said it aims to disburse loans worth over Rs 70 crore this year. Within the current month, small- and mid-sized shopkeepers are expected to avail loans worth over Rs 7 crore from the platform, a statement said.
The company has partnered with Apollo Finvest for the initiative, it added.
"Digital lending for small shopkeepers was non-existent till a few months back, and we are building this opportunity brick by brick to help the growth aspirations of over 1 crore small and medium retailers in India, over the next 5 years," BharatPe co-founder and Chief Executive Officer Ashneer Grover said.
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