Business VerticalMobile Sales & Repairs
Monthly TurnoverRs. 2,00,000 – 2,50,000
Monthly Banking TurnoverRs. 20,000 – 25,000
Home RentedYes
Business RentedYes
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LoanSimple's AI powered credit line helped assess Jasmendra's cash-flows

After starting to work in his family’s dairy business in the village of Ladwa in U.P., at a very young age , Jasmendra spent several years milking cows and distributing milk . Attracted to the city life where he saw his brother prosper, Jasmendra always dreamt of starting his own mobile sales and repair business. “I started humbly with just the repairs part of the story but always devoured on selling quirky brands” Jasmendra says. Having exhausted all the alternatives of institutional credit, he got fed up massive paperwork and a never-ending ordeal of constantly visiting the banks that left his work unattended. “Also, my residence in Gurgaon in rented which causes a huge problem in procuring credit”, Jasmendra adds. After being referred to LoanSimple by a friend, he has been absolutely surprised and content with the swift end to end process of disbursal.

One platform for Jasmendra's all financial needs

“Doorstep service, limited follow-ups & documentation, approachability and last but certainly not the least transparent and flexible repayment mechanism is something I have not seen under one umbrella”, he says. Jasmendra used the initial LoanSimple funds to diversify his mobile repairs business to sale of mobiles and accessories. Inventory stocking is other area where he utilises the funds procured.

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