HappyLoan – to facilitate dreams come true

Partner for Indian MSME industry – ArthImpact
#happyloan #digitalloans #paperlesss loans #arthimpact
Financial services in India is witnessing a significant growth in the area of investments and lending. The avenues and the methods are increasingly getting easy and affordable with digital disruptions. Start-up ecosystem of India is contributing significantly to this revolution. One of such revolution I would like to talk here about is digital lending to the unserved population of India.

‘Digital lending’ concept initially began with lead generation, now is evolved to complete end to end paperless solution. One of the pioneer of this segment is “Happy Loans”, launched to address the needs of small businesses, they lend from Rs. 2000 to 1 lakh with flexible tenure and an attractive rate of 2% per month which is almost at par with the personal loans provided by Banks and much better than informal lending. “Happy Loans”, a micro-lending initiative of #ArthImpact, a self-funded start-up by Mr. Manish Khera and Gautam Ivatuary. HappyLoan mostly served the un-served and underserved Indians. They have taken up alternate channels and method to determine the repayment capacity of individuals. “Happy loans” is a microfinance initiative with presence in 100 cities in India, also helps borrowers building a credit history by disciplined repayment approach.

Manish Khera is known to be a serial entrepreneur, and one of the early movers in financial inclusion and digital banking. Manish Khera’s two decades of corporate journey began at ICICI Bank, where he played a crucial role in setting up the institution’s Alternate Channels Group, after which he moved on to found FINO Paytech in the year 2006, which has served over 70 million customer. He then joined Airtel Payments Bank as CEO. Through his journey of banking, he realized the demand gap for lending to customers with formal credit history and steady income source is huge. The acquisition cost of Banks is too high to address the small borrowers. So, to address the need of these 600 mn people who do not have access to mainstream credit facility in India, he launched Arth Impact. The organization is bound by its vision of financial inclusion. Arth Impact is more focused towards a solution that could ease the everyday cash flow problems.

The attractive features and benefits of Happy Loans are as follows-
·       Lends Rs. 2000 – Rs. 1 lakh ( for ex – you may take the loan to re-do your shop/ buy some new items)
·       Flexible tenure of repaying the loan beginning 30 days
·       Loans are disbused within few hours
·      No physical filing of documents required
·      Complete end to end digital process to seal any leakages
·      Low cost, as the complete lending is digital, minimizing the operational cost
·     Customer without credit history, can build credit history by taking loan from Happy Loan
   Moneystreets Take – Besides structured microfinance Industry, Arth Impact promoted “Happy Loans” stands out with its low cost structure, easy interest repayment, and flexible tenure makes it a convenient option. The background of the promoters is credible and note-worthy which ensures a superior experience. With end-to-end digital solution, it is new-age product with best experience for the customers.

#happyloans #digitalloans #paperlesss loans

Different kinds of lesser known bonds with interesting names

Before I resume to my usual dopes on personal finance, I thought today we will discuss something interesing and informative.  and stumbled upon an article which talks about some srikingly different names of bonds, very unusual of  such a strict financial instrument.

Till recently I thought it’s only the phone makers who were obsessed with food or fruits who named their products as “Apple”, “Marshmellow”, blackberry and so on until I came across ‘Masala Bonds’. But hold on, there are a host of it. On a newspaper, I found names like ‘Panda’, ‘Samurai’ and ‘Kiwi’ used for different bonds. I wished to dig further and present to you the list of such lesser known bonds from across the world with different names. 
These interesting bond names are popular in many countries – India, UK, China, Japan, etc. The common factor in these bonds is their features offering. These bonds are mostly used by either foreign country corporates or bonds are sold in foreign country denominations, however with some exceptions like ‘Kiwi’. The bond names amazingly express the love for food amongst the financial community across the globe (on a lighter note). Few names are also attributed to other important symbols of the nations. The cuisine or symbol reflects the connection with the country. And my obsession with financial market and personal finance both grows stronger J
Here I present to you the compiled list, sourced from Wikipedia, newspapers and my own memory. You may not require this list for investment purpose but can serve as informative and interesting read. I would like to go with chronology – 
Arirang Bond  –  Arirang is Korean folk song, used for a won-denominated bond issued by a foreign entity in South Korea. It is a very small segment of their bond market, the Asian Development Bank issued it in 1995.

Baklava bond – Name is taken from a Turkish dessert, Baklava is a bond denominated in Turkish Lira and issued by a domestic or foreign entity in Turkey. Turkish government allowed companies to issue these bonds in the year 2010.

Bulldog bonds – Taken from the national symbol of united Kingdom, Bulldog bonds are sterling-pound based bonds (the third largest reserve currency in the world) issued by non-British institutions that want to sell the bond in the United Kingdom.

Dim sum bond – A popular appetiser even in Indian Chinese restaurants, these are bonds issued outside of China but denominated in Chinese renminbi, rather than the local currency listed in Hong-kong, not in mainland china. 

Formosa bond – Formosa, is an alternative name for the island of Taiwan. These bonds issued in Taiwan but denominated in a currency other than the New Taiwan Dollar.

Huaso bond,- Derived from the term referring to Chilean cowboys, a Chilean peso-denominated bond issued by a non-Chilean entity in the Chilean market.

Kangaroo Bond – The name deriving Kangaroo, a national animal from Australia, is the type of bond issued by foreign entities, traded in the Australian market, is denominated in Australian currency, is subject to Australian laws and regulations.

Kimchi Bond – kimchi, name derived from a Korean side dish, is a non-won-denominated bond issued in the South Korean market.

Kiwi Bonds – Derived from the famous fruit from New Zealand, Kiwi bonds are bonds offered directly to the public and available only to New Zealand resident investors, redeemable on maturity or at the option of the bondholder and are issued in 6 months, 1 year or 2 years 
period.

Lion city bonds – The name derived from the national symbol of lion head, Lion City bond foreign currency denominated bond issued by foreign company in Singapore

Maple bond – I just love the maple syrup over a hot pancake on breakfast. However, we are here talking about the Canadian dollar-denominated bond issued by a foreign entity in the Canadian market.

Masala bonds – Derived from the Hindi word for spices, these are rupee-denominated bonds 
issued outside India.

Matrioshka Bonds – Name derived from the famous Russian dolls, these bonds are referred the Rubble denominated bonds, issued by foreign entities for reaching Russian investors.  

Panda Bond – A Panda bond is a Chinese renminbi-denominated bond from a non-Chinese issuer, sold in the People’s Republic of China.

Samurai Bond – a term referred for military nobility from Japan of medieval and early-modern Japan, a samurai bond is a yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.

Shibosai Bond – yen-denominated bond sold directly by issuing company, a bond denominated in yen sold directly to investors by the foreign issuing company.

Shogun Bonds – The term ‘Shogun’ is used for Japan’s supreme military leaders from 1603-1869. It is used for the non-yen-denominated bond issued in Japan by a foreign institution or government.

Yankee Bonds – The word is derogatory a term used to describe Americans by the Brits, Canadians, Australians and the like. A Yankee bond is a bond issued by a foreign entity, such as a bank or company, but is issued and traded in the United States and denominated in U.S. dollars. 

Uridashi Bonds – A Japanese word for ‘Sale’, Uridashi Bonds are the secondary offering of bonds, denominated in Yen or issued in a foreign currency. These bonds are sold to Japanese local/ individual investors

Hope it made an interesting read. will soon be back with my new post. Till then.. enjoy! A very happy weekend to all of you 🙂 see you soon

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