ENA State 2018-06-22 10:11:08 <p><strong>New Delhi June 22 (KNN) </strong>Pune based Kudos Finance and Investments a Non Banking Finance Company that operates in MSME lending space has recently launched its new branch at Nasik (Maharahtra) as a part of its expansion and growth plans.</p> <p>Started with a team of seven employees and one branch a few years back, the company has launched its fourth branch after successfully establishing 3 branches in Pune and has close to 35 employees.</p> <p>Founded in 2014 by Pavitra Walvekar, Kudos Finance and Investments offers loans under 3 product category-short term loan (1 6 months), Business loans (24-36 months), and Machinery loans (30 36 months).</p> <p>Kudos provides unsecured collateral-free business loans to retailers, traders, kirana stores, saree centres, medical stores, garages, restaurants, etc., with a ticket size of Rs 1 15 lakh.</p> <p>Further, under the machinery loan category, Kudos provides loans to manufacturing sector with a ticket size starting from Rs 1 to 15 lakh.</p> <p>While under the short-term category, Kudos offers unsecured loans to existing customers who want to buy bulk goods at discounted rates, with a ticket size starting from Rs 2 to 10 lakh.</p> <p>Since the start of the business operations, Kudos Finance has been doubling its loan book every year with a strong focus on portfolio quality and has been successfully able to raise funds in multiple follow on tranches from 6 lenders including Capital First, MAS Financial, Bank of Maharashtra, Electronica Finance, Caspian and Essel Finance.</p> <p>The credit of this success goes to Pavitra who did an extensive market research on the borrowing habits and loan purposes of MSME sector and created a database of potential segments and customers.</p> <p>Before approving loans Kudos perform proprietary method of assessment by following robust underwriting process and also performs last mile customer verification to avoid frauds.</p> <p>Kudos has been continuously working on adopting technology to automate processes and has implemented systems to improve customer on boarding experience, decision making quality and reduce turn-around time of a transaction.</p> <p>The NBFC has also tied up with two Insurance companies to provide credit link shield insurance to its customers.</p> 20142 http://knnindia.co.in/news/newsdetails/state/pune-based-msme-lender-kudos-finance-and-investments-launches-its-4th-branch-in-nasik 2018-06-22 10:11:08 knnindia.co.in