New finance solutions for SME's and startups

Politics and Government Politics and Government

New finance solutions for SME's and startups

^{Published on 2024-12-08 02:00:44 - fbcnews}

Mogul Pte Limited has launched its credit facility, Mogul Pay, aimed at assisting small businesses. Mogul Pte Limited is a Lautoka-based company focused on visual solutions and various types of signage and printing works. Company director Ritesh Chauhan says that when businesses start they face a lot of challenges in terms if finances.

The article from FBC News discusses the introduction of new finance solutions aimed at supporting Small and Medium Enterprises (SMEs) and startups in Fiji. These solutions are designed to address the common challenges faced by these businesses, such as limited access to capital, high interest rates, and stringent collateral requirements. The initiative includes offerings like micro-loans, venture capital, and equity financing, which are tailored to meet the diverse needs of SMEs and startups at different stages of their growth. The article highlights that these financial products are part of a broader strategy to foster economic growth, encourage entrepreneurship, and reduce unemployment by making it easier for new and small businesses to secure funding. Additionally, there is an emphasis on financial education and support services to ensure that business owners can manage their finances effectively and sustainably.

Read the Full fbcnews Article at:
[ https://www.fbcnews.com.fj/business/new-finance-solutions-for-smes-and-startups/ ]

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