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India Internet News

New-age NBFCs fund e-commerce sellers

Author: Anand J - Published 2015-05-25 09:39

The lenders have modelled themselves like microfinance institutions. They get funds from banks and other funders at interest rates that are slightly above the prime lending rate, and they charge their borrowers an interest rate of 18-24%. The lenders say the default rate is in low single digits.

However, for the lenders, this is a risky business, warned Samir Bhatia, founder and CEO of SMECorner."There is no security and no way to monitor the end user.These sellers operate out of homes and there is no permanency of business," he said.

Google Donates $500,000 to Further Child Safety Through Technology in India

Author: Unnamed Reporter - Published 2015-05-18 00:06

Grants have been made through Google.Org to Childline India Foundation that provides a free phone service, 1098, for children in need of help or protection, Bachpan Bachao Andolan that protects and rescues children from slavery, trafficking, and forced labour, and Tulir which works to prevent and heal child sexual abuse across India.