
Bharat Bazaar
Enabling access to low cost working capital for the industrious micro entrepreneurs of India
Bharat Bazaar
Enabling access to low cost working capital for the industrious micro entrepreneurs of India
Enabling access to low cost working capital for the industrious micro entrepreneurs of India
Enabling access to low cost working capital for the industrious micro entrepreneurs of India
That gives them access to low-cost working capital
Their very own customers! We provide a platform for consumers to fund their local street vendors by ordering through our app and paying in advance
Order fresh fruits and vegetables from your street vendor and have it delivered at your doorstep at discounted prices! All while helping them out simply by paying online for your order in advance
As with any other business, street vendors need working capital to keep their business running. Working capital is the money the vendors use to buy produce from the market everyday. Institutional credit has always been inaccessible to street vendors in India. Majority of the street vendors depend on informal sources due to the lack of a credit history. These sources lend at very high rates of interest and the loans are taken recurrently, leading them into an inevitable debt trap.
Working capital is the money that street vendors borrow on a regular basis to buy their produce, i.e- fruits and vegetables.
Bharat Bazaar is a platform that enables the street vendors to receive this capital from their customers. We do so by simply allowing consumers to place select street vendors and place orders on our app and then making online, ADVANCE payment for it. The collective of several customers' payments gives the street vendor his working capital for the day!
Bharat Bazaar charges the street vendors a basal transactional fee of 4% per order in place of the 100- 200% interest rates charged by Money Lenders
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