CreditEnable, an award-winning credit reporting and technology company, today announced that it has partnered with the Niti Aayog-incubated Women Entrepreneurs Platform (WEP) to deliver its flagship digital financial wellness program, Shine, to women entrepreneurs across India.
Introducing Shine: Your path to financial wellness
Shine is a digital financial wellness program developed by CreditEnable and powered by Experian that provides small business owners with a comprehensive analysis of their financial health and digital coaching to help them take control of their finances, improving their creditworthiness and accessing loans on reasonable terms from legitimate lenders.
Key features of Shine:
– 360° Financial Analysis: Shine provides entrepreneurs with a detailed overview of their financial situation including credit score, bank and GST data, highlighting loan eligibility and increasing the chances of loan approval.
– Practical Tips: The program provides clear, actionable steps to improve your financial profile and address lender concerns.
– Improved loan prospects: By following a program based on expert advice, entrepreneurs will have a better chance of getting loans at affordable rates.
Empowering female entrepreneurs:
The Shine program offers exclusive benefits to women entrepreneurs, including:
– Discounted access: 1,000 women entrepreneurs will receive discounted access to digital financial wellness programs.
– Regularly curated insights: The program provides frequent insights to help you maintain and improve your financial health.
– Actionable Recommendations: In-depth analysis of financial data provides actionable steps for improvement.
– Live Webinar: We will host a free webinar for 500 women entrepreneurs on improving their credit and financial profile.
– 1-on-1 Financial Coaching: Personalized coaching and discounted remediation programs for 500 women entrepreneurs.
– Loan application assistance: Support 1,000 women entrepreneurs as they navigate the loan application process.
Empowering women entrepreneurs:
Only 10% of SME loan applications are successful, leaving most SMEs without access to formal financing. This problem is even more acute for women entrepreneurs. Shine is designed to address these unique challenges faced by women entrepreneurs. By providing customized financial advice and actionable insights, the program helps women entrepreneurs overcome obstacles and achieve financial independence. WEP’s collaboration with CreditEnable, fostered by Niti Aayog, underscores our commitment to catalyzing the growth and financial inclusion of women-led enterprises.
“We’re excited to partner with Niti Aayog-backed WEP to distribute Shine to women entrepreneurs across India,” said Nadia Sood, CEO and founder of CreditEnable. “By providing women entrepreneurs with the tools and resources they need to understand and improve their credit status and directly facilitating their access to financing, we’re opening the door to new opportunities for their businesses to thrive.”
“NITI Aayog-backed WEP is proud to partner with CreditEnable on this innovative programme,” said Anna Roy, Principal Economic Advisor, NITI Aayog. “Shine will equip women entrepreneurs with the financial literacy and creditworthiness they need to become stronger, more competitive business leaders.”
