Micro Loan
Microloans are primarily utilized by self-employed individuals, sole proprietors, small retailers, traders, manufacturers, startups, consultants, and women entrepreneurs. They serve various business needs, including covering working capital demands, ensuring cash flow stability, launching new ventures, managing daily operational costs, disbursing employee salaries, consolidating debts, and more. For those encountering challenges in securing conventional business loans, microloans or microfinance often become a viable alternative.