How Capri Global is fostering entrepreneurship

5 Aug, 2020
How Capri Global is fostering entrepreneurship

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We are on a mission of building a financially empowered India by enabling entrepreneurs from the MSME sector to be financially self-reliant. We wish to eliminate the financial barrier one has to cross in pursuit of his/her dream. We, at Capri Global, believe that everyone has the right to progress, and lack of funds shouldn’t be a reason to give up on dreams. When it comes to making dreams come true, we mean business.

Our Vision: "To give everyday people the power to shape their futures, dream bigger, and turn every opportunity into a success story."

Today, the funding gap for Indian MSMEs stands at a humongous INR 70 trillion, which we intend to bridge. And we wish to do that through our rich understanding of each business from a local and social perspective.

The Impact We’ve Made So Far
We have opened doors to over 15,000 MSME businesses since inception, out of which over 6,000 were in 2019. We strongly believe that the time to invest in MSMEs is now, as the youth of the nation are willing to take the risk to grow their businesses.

All of our products and services revolve around our customers:

  • 6.9% of our loans are disbursed to female entrepreneurs.

  • 28.8% of the benefactors were first-time borrowers.

  • 80.7% of our customers have increased their credit bureau scores.

How Are We Fostering Entrepreneurship?
In the last decade, the term "Entrepreneur" has become very popular. Though these entrepreneurs contribute to the economy, it is still hard for them to avail credit to sustain their enterprises. We have made it our mission to help these customers kickstart their businesses.

Here’s the Story of Sonal Sharma
Chetan Glass and Hardware store was handed over to Sonal Sharma after the demise of her husband. To run the business, Sonal had to grasp how glass is made, designed, and transported. She was expected to manage orders and sales promptly with customers spread across Gujarat. Sonal knew she had found the answer when her loan was approved and fast-tracked. She could now focus on things that mattered with purpose and determination. Currently, there are four branches of Chetan Glass House in Ahmedabad, and Sonal successfully earns a revenue of 8 lakhs.

Just like Sonal, we have financially enabled entrepreneurs and provided a stimulus for business ventures run by low-income families. Our goal is to make more and more people a part of India’s growth story.