CredRight Sets Loan Disbursal Target Of ₹50 Cr For This Fiscal
Fintech start-up CredRight is targeting ₹50-crore disbursal of unsecured loans to micro, small and medium enterprises (MSMEs) in FY2020 through expansion of its operations.
CredRight has so far disbursed ₹20 crore loans to about 400 MSMEs, mainly in Telangana, Maharasthra, Karnataka and Andhra Pradesh. Its lending model is based on verification of credit history of MSMEs available with registered chit funds.
“In the next 12 months, we plan to reach out to 2,000 customers in Hyderabad, Warangal, Karimnagar, Guntur and Nellore and other cities to serve chit fund subscribers in the MSME sector,” Neeraj Bansal, co-founder & CEO, said on Tuesday.
It is partnering with chit funds to use previously untapped chit data. “Our target is to close 2019-20 with a total disbursal of ₹50 crore,” Bansal said. It is also opening its own branches now.
USAA Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more
USAA Launches “Honor Through Action,” Committing $500 Million Over Five Years To Champion The Military Community
Movement will focus on meaningful careers, financial security and well-being for our nation’s veterans and military fa... Read more
USAA Extends Government Shutdown Relief, Totaling More Than $411M To Its Members
Nov 05 2025 SAN ANTONIO – November 5 – As the government shutdown continues, USAA is e... Read more
USAA To Serve As Title Sponsor For HYROX Dallas In November 2025
Through military veteran athletes, content and onsite activation, USAA will elevate the importance of well-being through... Read more
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more