Quote on Festive Season`s impact on the surge in business loans to trading MSMEs by Hardika Shah, Founder & CEO of Kinara Capital
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Below the Quote on Festive Season`s impact on the surge in business loans to trading MSMEs by Hardika Shah, Founder & CEO of Kinara Capital
“Consumer spending is poised to surge this festive season, and Trading MSMEs are ready to seize this opportunity. At Kinara Capital, we have witnessed a remarkable 63% increase in loan inquiries from the Trading MSMEs. This growth reflects the strong demand in both B2B and B2C sectors. Electronics, Personal care, and Jewellery are some of the sub-sectors that are leading in demand for business loans.
Trading MSMEs, which include shops, retailers, e-merchants, wholesalers or distributors, are busy stocking up their inventories to meet the anticipated customer demand. Some business owners are also spending on property improvement and business development. In turn, as consumer spending is projected to rise further in the upcoming months, we also anticipate the demand from MSMEs for fast collateral-free business loans to shoot up.”
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