Mahindra Finance has announced that it has entered into a co-origination partnership with UGRO Capital Limited to provide affordable loans secured against properties to the MSME sector, thereby supporting their business growth.
As part of this partnership, UGRO will leverage its data analytics, distribution network and ground presence. The MSME businesses will also be able to capitalize on Mahindra Finance’s brand equity, enabling credit access to a wide spectrum of customers across locations, thus creating a synergy that will positively impact MSMEs seeking timely financial support.
Raul Rebello, Managing Director & CEO, Mahindra Finance said, “The partnership with UGRO Capital will help bridge the small business credit gap, enhancing the growth of India’s MSME ecosystem. We will aim to provide comprehensive financial solutions to the sector helping their businesses grow in our mission of being a responsible financial solution partner to emerging India”.
Shachindra Nath, Founder and Managing Director, UGRO Capital said, “Our collaboration with Mahindra Finance in this strategic partnership will significantly boost access to credit for MSMEs. Together, we aim to deliver timely and efficient financing solutions, furthering our shared commitment to financial inclusion.”
