CreditEnable & CAIT: A Match Made in Millennial Finance Heaven
CreditEnable, the UK-based fintech that’s turning the SME world into a well‑structured credit playground, has just inked a sizzling partnership with CAIT (the Confederation of All India Traders), the globe’s biggest SME squad. The deal’s signed in Mumbai and marks the launch of a nationwide campaign that promises to turn a £250 bn binge‑spend spree in the informal market into a tidy, formal loan stack—saving the local business community a staggering £38 bn a year on interest alone.
What’s the Lowdown?
- CreditEnable brings its slick credit‑assessment tech and a massive bank network to the table.
- CAIT rolls out its 40,000 SME trade associations, plus a guardian angel power‑lift for 70 million members.
- First move: 1,000 “Changemakers” (chosen CAIT leaders) will get the training phone to help their peers navigate real‑world loan steps.
- Second step: Deploy dedicated staffs across 24,450 CAIT associations spanning 14 Indian states.
- Outcome? A tech‑powered marketplace that connects loan‑hungry SMEs right to the lenders that can offer them competitive and affordable rates.
Money Matters
In India alone, the SME credit market is a hot £6.1 trn—yet the gap stands at a monumental £3.4 trn. CreditEnable’s first stop is India, but the vision is global, so ever‑smiling: “We’ll help the next-Gen SMEs thrive worldwide.”
The Two Voices
Nadia Sood, CreditEnable CEO, declares: “We’re in the business of lifting SMEs from high‑interest dragon‑cycles to a loan system they can trust. The first step in India is going to unlock billions—just by making outside lenders more approachable.”
Praveen Khandelwal, CAIT Secretary‑General, preaches: “Traders are the heartbeat of the Indian economy. We’re handing them the keys to fair finance, and this partnership is the apprenticeship that’ll open doors at a national scale.”
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