Nearly 60% of Women Entrepreneurs Saw Revenue Increase of Over 10%
Indifi Technologies, a prominent lending platform, reported on Friday that approximately 60% of female entrepreneurs who obtained business loans through its platform experienced over a 10% increase in revenue before the conclusion of their loan tenure. This data underscores the resilience, ambition, and immense potential of women entrepreneurs across India.Rising Demand from Tier-2 and Smaller Cities
According to Indifi, there is a noticeable surge in loan applications from women entrepreneurs located in tier-2 cities and beyond. Since the company's inception in 2015, female borrowers from these regions constituted just 12.5% of the platform's total loan disbursals. However, this figure has significantly risen, reaching 37% in 2024. This trend highlights improved financial inclusion and the growing accessibility of credit to women-led enterprises outside of metropolitan areas.Impactful Financial Support Driving Growth
Commenting on the report, Alok Mittal, Co-founder and Managing Director of Indifi Technologies, said, "It is incredibly encouraging to see nearly 60% of these businesses achieve over 10% revenue growth after securing a loan. This is clear proof of how access to the right financial support can drive real impact. This growth speaks to the resilience, ambition, and potential of women entrepreneurs across the country."Over Rs 1,650 Crore Disbursed to Women Entrepreneurs
To date, Indifi Technologies has facilitated over 22,500 loans, amounting to more than Rs 1,650 crore, specifically for women entrepreneurs. Key sectors benefiting from these loans include restaurants, service-oriented businesses, textiles, ready-made garments, fast-moving consumer goods (FMCG), and household products, reflecting the diverse industries where women entrepreneurs are making significant strides.Majority of Female Borrowers Aged Between 30-50 Years
The platform's analysis further revealed that 70% of women entrepreneurs availing of loans fall within the 30-50 age bracket. This statistic emphasizes that financial independence is highly prioritized by women during their peak professional years.Additionally, Indifi noted a steady increase in repeat borrowing among women entrepreneurs, signifying sustained business growth and growing trust in formal credit mechanisms.