CreditEnable Collaborates with WEP

CreditEnable, a firm specializing in credit analysis and technology, has formed a partnership with the Women Entrepreneurship Platform (WEP), which is supported by Niti Aayog.

The purpose of this collaboration is to provide women entrepreneurs with access to CreditEnable's digital financial wellness initiative called Shine.

Shine is a digital program designed to enhance the financial well-being of Small and Medium Enterprises (SMEs). It provides a comprehensive financial analysis that covers credit scores, banking information, and GST data. Additionally, it offers digital tutoring to empower individuals to assume control over their financial matters.

The program enhances the creditworthiness of SMEs, allowing them to obtain financing from conventional financial institutions.

CreditEnable has developed it, with Experian providing the technological capability. Experian is a worldwide firm specializing in data analytics and consumer credit reporting.

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The program aims to provide women entrepreneurs with expert guidance on enhancing their access to affordable financial resources. The guide will outline strategies to enhance financial profiles and effectively tackle any concerns raised by lenders.

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Through the program, a total of 1,000 female entrepreneurs will be granted reduced-cost access to the platform. The program will offer complimentary online seminars on enhancing credit and financial profiles, individualized guidance, and reduced-cost assistance for 500 women. In addition, it will assist 1,000 women in understanding the loan application procedure.

Nadia Sood, CEO & Founder of CreditEnable said: “We are delighted to be partnering with WEP incubated by Niti Aayog to distribute Shine to women entrepreneurs across India."

Anna Roy, Principal Economic Advisor at NITI Aayog, said: “WEP incubated by Niti Aayog is proud to partner with CreditEnable on this innovative program. Shine will equip women entrepreneurs with the financial knowledge and creditworthiness they need to become stronger, more competitive business leaders,”

About CreditEnable

Founded in 2011 by Nadia Sood, CreditEnable is a multi-award-winning credit insights and technology solutions company that provides a unique and innovative solution that enables intelligent and efficient lending to SMEs.

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