This challenge is quite daunting for Micro, Small, and Medium Enterprises . Most of these businesses struggle to access affordable funding from traditional banks, leaving their dreams unrealised and their visions stalled.Many MSMEs do not have access to basic financial services such as business accounts, credit facilities, and payment solutions critical to their daily operations. This hampers their participation in the formal economy and stifles their growth.
OurPass pivoted from a One-click checkout that helped e-commerce businesses in 2021 amidst the COVID-19 pandemic and e-commerce boom to a global neo-bank for businesses, offering everything they need to start, grow, and scale their businesses. The cornerstone of OurPass’s commitment to MSMEs is the OurPass 2% interest business loan. This innovative financing solution is designed to provide access to affordable capital—a lifeline for small businesses.With an interest rate as low as 2%, OurPass ensures that small businesses can access financing without the burden of exorbitant interest charges.Recognizing MSMEs’ diverse cash flow patterns, OurPass offers flexible repayment options that align with the unique needs of each business.
These challenges can stifle growth, limit innovation, and, at times, even jeopardize the very existence of these enterprises. OurPass has embarked on a mission to remove the barriers that have long hindered the progress of MSMEs and SMEs.