A fintech platform called Mahila Money offers unsecured loans to Indian women.
It enables women to launch their businesses with ease. We’ll evaluate the platform quickly and discuss whether it’s a good option for businesswomen in the nation.
Let’s begin.
Define Mahila Money
Mahila Money provides numerous services in this nation that are exclusively targeted at women. In addition, Mahila Money offers a wide range of features, from managing health programs to disbursing business loans.
Apply for a prepaid card, attend informative workshops hosted by Business for Women Entrepreneurs, and connect with many intelligent women in your neighborhood.
Mahila Money can assist you in achieving any financial goals that you specify in the app.
In part, after this, let’s quickly review the app’s functionality.
Founder’s Purpose
Sairee Chahal and his co-founders, Bhai Babu Kaju and Sidhika Agarwal, established Mahila Money in 2021.
As we now understand, the primary goal was to support the nation’s female entrepreneurs. Sairee Chahal, the founder of Sheroes, has a network of more than 25 million female business owners. She now wishes to establish her own company, hoping to draw over 100 million female entrepreneurs and join Mahila in her neighborhood.
In her opinion, this is not for rural women, farmers, or craftspeople. Instead, it is geared toward females who do not profit from microfinance.
The founders of Mahila Money have a distinct vision for uniting all female business owners in the nation. This will enable you to connect with like-minded individuals and direct them in the right direction.
She also seeks to close the funding gap between a savvy businessman and a bright woman by providing unsecured loans to support business expansion. Characteristics of Mahila Money
Mahila Her Money is an all-inclusive solution for women. So let’s dissect and evaluate each of these qualities.
1. mahila Cash Advance
Mahila Loan
Mahila Her Money Her Loans, the best and most popular feature, assists women in launching their enterprises.
This loan’s unsecured policy and 100% paperless application process are its best features, as they provide you peace of mind.
She can apply for a loan of up to Rs 50,000 on her own without the help of her partner or father.
This loan is not subject to co-sponsor approval. Without having to leave your home, receive money into your bank account. Processing fees are 2%, and yearly interest reductions are 20%.
Ms. Medic
New MM Medic
MM Medic gives its consumers excellent medical services at a very reasonable cost and makes it simple to schedule a doctor’s visit in the comfort of their home.
It only takes two minutes to complete the onboarding process, and no extensive paperwork is needed.
Make an appointment with a gynecologist and schedule a blood or urine test from your home by calling the hotline.
All of this is yours for the yearlong price of Rs. 94.
Visa Prepaid Card
Payday card
Additionally, Mahila Money provides women with a unique Visa Card that they may use to make purchases online conveniently.
A bank account is not required to apply for this card. The card has a $10,000 maximum top-up limit.
Best Part
Card with no credit. Consequently, you won’t need to worry about keeping a certain amount on your card. With this card, you can additionally benefit from over 200 advantages.
Community of Women with Passion
Mahila Money Group
At Mahila Money, we gain a lot of knowledge from the skilled and prosperous women business owners in the nation. Talk to these professionals in the supportive community of Mahila Money. Economics, money, and a host of other essential topics are among the most critical issues in this group.
Set objectives.
Mahila Money provides helpful money advice and business and learning resources to help you achieve your objectives more quickly and effectively, whether you’re buying a scooter or a new smartphone. Aids in achieving
Why Mahila Money?
Mahila Money wants to give women in this nation more power. But unfortunately, she represents less than 10% of all women employed nationwide. Again, this demonstrates how backward our culture is.
The high percentage of illiteracy and the reliance of women on their husbands are the leading causes of this statistic. Therefore, it is essential to adapt and provide these items to regional communities focusing on women.
Let’s examine why Mahila Money is a paradigm-shifting figure for female business owners in our nation.
provides enormous opportunities for women
Girls have a lot of opportunities with Mahila Money. It gives women a lot of credit, from paying as-you-go Visa cards to providing collateral-free loans.
With Mahila Money’s tempting offers, they can quickly request professional assistance, e-book consultation times with experts, and return their loans. Overall, it’s a complete package for any woman who wants to run her own business.
Providing medical care
We can all relate to how our mother used to take care of us whenever we fell unwell. But when did she become unwell herself, roughly speaking?
Due to neglect and constant hard work, it is common for ladies to experience some fitness issues throughout their lives. Mahila Money comes into play in this situation.
It enables women to receive a meager and reasonable medical package. This implies that a lady can now get herself tested in the convenience of her home and at a low cost.
Eliminating Dependence
This is common in our nation. The majority of women still rely on their partners for financial support. We’re not just talking about saving it but also about spending it.
On the one hand, a house lady still relies on buying even the most necessities for herself while a man has various bank accounts.
By providing women with Visa Cards with no balance, Mahila Money eliminates this obstacle.
Now, 200+ offers and online transactions are both possible with this card.
Provide a clear vision
We all discuss the value of exposure for professional development and networking with people who can orient us on the proper path.
Women are stuck at home because most people in the nation still reside in rural areas.
Thanks to Mahila Money’s women-only network, women can receive greater attention while at home. In addition, because there are so many specialists on the platform, it is incredibly beneficial for consumers to benefit from their expertise.
All of this demonstrates to people how successful their job may be given the countless opportunities provided by the internet.
Advantage
- attractive attributes and deals
- exclusively for women’s platform
- excludes subscription costs and recurring billing schedules
- fast onboarding and setup
- electronic authentication
- Monitor all expenditures
Cons
- no web app
- Inaccessible on iOS
- It is tough to use because there are too many features. Also, it’s challenging for women who aren’t tech adept.
- It gives a digital map, but less tech-savvy women may find it challenging to utilize.
Our viewpoint
After carefully analyzing the entire platform, we can conclude that Mahila Money offers many functions and targets the nation’s female population.
These elements, whether rapid loans or digital card options, seem to improve women’s lives significantly.
However, it is still too early to judge Mahila Money’s customer support; only time will tell how effective they are.
As of right now, user feedback appears to be excellent. This is taken from Mahila Money’s review.