How Credit and Digital Lending Are Empowering MSMEs

Title - How Credit and Digital Lending Are Empowering MSMEs



MSMEs, or micro, small, and medium enterprises, are usually regarded as the mainstay of modern economies. They are responsible for a significant part of the global workforce, being at the forefront when it comes to innovation, besides helping to keep the competition alive to benefit the end consumer. Moreover, the distribution of wealth has been made easier as a consequence of all these factors. However, on the other side, these businesses have not been able to get access to traditional loans, which, in turn, has made it hard for them to grow and cope with the adverse conditions. The good news is that the trend is changing gradually, thanks to the digital lending that is providing novel ways of overcoming the financial support challenges that these enterprises have been encountering.


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