Mistry Store launches India's first credit program for building industry professionals
credit program for the building industry professionals like architects, interior designers, contractors-firms to address the critical credit gap in the segment.
After working with over 3,500 professionals in the building space over the past two years, the company identified that dependence on informal credit alone invariably hinders business growth for professionals and curated the credit program to address this critical gap. By participating in the program, professionals can get higher credit limits, enabling them to take on larger projects.
«By enrolling in the smart credit program, professionals can achieve significant growth. We project an increase in profit margins by 8-10% and business scaling by two to three times. With a higher credit limit, professionals can take on more prominent projects and experience exponential business expansion,» Vaibhav Poddar, co-founder of Mistry.Store, said.
The smart credit program provides an interest-free period of up to 60 days, allowing for effective cash flow management and optimization of project finances and guarantees cash rates on authentic products, eliminating the concern of hidden costs. By simplifying procurement with a one-stop shop for all building materials, it helps to minimize sourcing costs and reduce the risk of pilferage.
A strong credit history, established through participation in the smart credit program, can also enhance their financial profile, making it easier to secure future funding and financing options, it said. The credit program also presents
