29 Apr YourStory Coronavirus: True Balance commits to solving liquidity crunch, last-mile credit in India
YourStory Coronavirus: True Balance commits to solving liquidity crunch, last-mile credit in India
In this article, published in April 2020 on YourStory- a news platform listed among the top-3 entrepreneurship portals in India, with more than 4 million monthly page views, narrates how True Balance announced the amount of total disbursed loans worth Rs 23 crore in March 2020. The story mentions about growth in loan numbers in the first quarter of 2020. The article also mentions that several players in the lending space have stopped loan disbursals, True Balance intends to continue solving the last mile issue of credit in India. It mentions how loan disbursements are 100 percent digital and users can apply and receive cash loans within minutes via True Balance’s mobile application. True Balance hopes this brings much- needed liquidity to Tier-III & IV markets, in India, which account for 45 percent of India’s GDP.