Shyamu, a wheat grain trader
Автор: Lok Capital
Загружено: 2023-08-29
Просмотров: 713
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Our portfolio company Veritas Finance (an MSME lending NBFC) has enabled Shyamu’s entrepreneurial journey epitomizing the impact of financial support to MSME owners. As a wheat trader, Shyamu faced credit challenges due to collateral restrictions from traditional banks. Seeking alternatives, he turned to Veritas. The attentive Veritas team understood his aspirations and cash flows, securing a special approval for an INR 1 million loan swiftly.
This injection of capital sparked remarkable growth. Shyamu expanded his wheat grain inventory, established new business locations, now collaborates with 50 flour mills and has also expanded into incense sticks business. With his children's dreams of education and entrepreneurship well within reach, Shyamu's story mirrors the 100,000+ borrowers Veritas empowers across India, fostering economic change through tailored financial solutions. Shyamu also likes to ensure a better life for his employees and even takes them on a yearly vacation! See the video to get a glimpse of Shyamu's journey.
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