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First-time borrowers and first generation entrepreneurs displayed tremendous resilience during pandemic: NeoGrowth Social Impact Study 2021
- ByPassionIT News --
- 2021-08-02
Mumbai (Maharashtra) [India], August 2 (ANI/PRNewswire): NeoGrowth, India’s leading digital lender serving underbanked SME businesses, recently released the Social Impact Report 2021, which indicated that the company extended 64.5 percent of its loans to first-time borrowers while 84 percent of the total loans disbursed were to first-generation entrepreneurs to overcome COVID-related challenges and capitalize on the opportunity.
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