This startup clocked $9M in revenue by lending to just stude

This startup clocked $9M in revenue by lending to just students and the self-employed


This startup clocked $9M in revenue by lending to just students and the self-employed
Kolkata-based startup mPokket, founded by Gaurav Jalan, is becoming the go-to platform for youth to avail instant small loans of Rs 500, going all the way up to Rs 20,000.
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When it comes to higher education, what does a student need apart from access to good resources? The answer would be - money to manage learning expenses. And in the absence of ready cash, many disadvantaged but hardworking students stand to hugely benefit from small loans.
Unfortunately, access to micro loans can be expensive in several banks, and most banks will not fund small amounts for buying notebooks and guides. But that's where several students and their families require support.

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