Moneyboxx Finance has opened a new branch in Indore. Moneyboxx now has 30-branch network in five states - Rajasthan, Punjab, Haryana, Madhya Pradesh, and Uttar Pradesh. The company plans to strengthen its presence and customer reach by doubling its branch network in the coming financial year.
The new branch will address the needs of underserved micro enterprises by offering them business loans for income generation. Since its inception, Moneyboxx has transformed lives of more than 15,000 borrowers in Tier-III and below places with cumulative disbursements of over Rs 200 crore up to Mar’22. Of these, 30% were women entrepreneurs and 32% first-time borrowers.
Moneyboxx Finance is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.
