FSHG Mart – FSHG Stands for Friends “Self-help group” Mart e-Commerce company, FSHG Mart is planning to offer products loans and is seeking tie-ups with mobile wallet service providers, banks or non-banking financial companies (NBFCs).
FSHG Mart is especially bounded for growth of “Self-help group” and “Micro-enterprise” across the India to enable availing of loan for productive purposes to gain economic prosperity through loan/credit, The loan covers a whole range of products ranging from household necessities like a washing machine to luxury gadgets like a high-end smartphone.
“There are several “Self-help group” and people in the country who do not have access to credit through the financial system. We will need to tie up with a bank or NBFC. We are planning to offer this service from the new year 2018,” said Govindrao, chief executive officer, FSHG Mart.
Experts believe features like this will help FSHG Mart to stand out in a crowded market. Apart from several players offering mobile wallets, banks have launched these services too.
FSHG Mart has also been looking offline and has tied up with brick-and-mortar retailers like Croma.“The average ticket size of the transaction is Rs 1,000 and we expect this to rise. We are present in 1000 stores and we want to increase this to 50,000 stores in the next new year 2018,” Govindrao said.
FSHG Mart plans to double its customer base from 25 thousand users to 50 million in the next new year 2018.
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