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Progcap awarded at Global SME Finance Forum 2018

ANI  |  New Delhi [India] 

Progcap (Impact Ventures Private Limited) has been awarded the "Product Innovation of the Year" by the International Corporation, at the Global Awards 2018 for its work on Last Mile retailer financing.

The awards jury commended Progcap for its innovative approach in reaching out to the underserved customers and on its unique model to build a scalable SME franchise.

Matthew Gamser, of the Forum, said, "The Global awards celebrate the best in class financial institutions and fintechs that have achieved remarkable results in their SME product or service offerings. Our winners are diverse, but they all share a strong commitment to helping small businesses in their markets with their dedication and innovative practices. The winners are an inspiration to us and their peers."

Progcap is a mission driven, firm, working to unlock the transformational impact of millions of micro and small enterprises in the last mile by providing them affordable, customized finance and digitizing their Through its (LMRF), Progcap provides the in semi-urban and rural areas access to flexible, collateral free working capital.

In its official release, Progcap thanked the IFC and the for this recognition at the global stage - "The SME financing landscape contains some of the most innovative organizations in the world today and we are delighted to be awarded amongst this supremely talented global peer group.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 16 2018. 17:10 IST