Moneyboxx Finance extends its financial inclusion drive to Chhattisgarh by opening its 50th branch: Moneyboxx Finance Limited – a BSE-listed NBFC that provides small-ticket business loans to micro enterprises, marked its entry into Chhattisgarh, expanding its total network to 50 branches in the country.
Financial inclusion is at the heart of its activity and the company is transforming lives of micro entrepreneurs in Tier-III and below places by offering unsecured and secured business loans. As a part of this expansion, the company aims to meet growing and unmet credit needs of micro and small businesses in the state.
With the opening of new branches in Raipur, Bilaspur and Rajnandgaon districts of Chhattisgarh, the company now has 50 branches across six states – Rajasthan, Punjab, Haryana, Madhya Pradesh, Uttar Pradesh and Chhattisgarh.
Commenting on the recent branch expansion, Mr. Mayur Modi, Co-founder, Moneyboxx Finance Ltd said, “Our new branches will cater to the needs and provide credit services to the underserved section of borrowers in Tier-3 and below places. Our presence in Chhattisgarh will help address the increased credit demands amid the booming small businesses and agriculture landscape in the state. With our differentiated and proven ‘phygital’ business model which involves strong customer connect and fully digital approach, we aim to impact 1 million lives over the next five years.”