Mahila money is a form of microfinance that’s specifically designed for women. It can help women build businesses and make more money, which can then be spent on things like education, health care, and other essentials.
The program works by providing loans and grants to women who have been disadvantaged in some way. They can receive these loans or grants through a local bank or NGO to help them become self-sufficient.
Founders Mission
Sairee Chahal and her co-founders, Vaibhav Kathju and Siddhika Agarwal, established Mahila Money in 2021.
As we now know, the main goal was to support the nation’s female entrepreneurs. Sheroes founder Sairee Chahal has a network of more than 25 million female business owners. She now hopes to connect more than 100 million female entrepreneurs who want to start their businesses through the Mahila Money community.
Features of Mahila Money
- Mahila Money is a money management platform for women. It allows you to set up an account and add money to it, with the option of adding more funds from different sources. You can earn interest on your balance by choosing from over 20 investment options. You can also spend Mahila Money at any time and use the card to pay for goods and services.
- Mahila Money is simple to use and very intuitive. The interface is easy-to-follow, and there are no hidden fees or charges that you need to worry about. It’s also very quick and easy to transfer funds between accounts, so if you want to move money from one account to another, you won’t have any trouble doing so!
- There are no monthly fees associated with managing your balance or spending from your account; instead, you earn interest on your balance every month!
- Mahila Money provides all the tools necessary for managing your finances: budgeting tools, debt management tools, investments tools and more!
A digital platform for women’s financial services.
We are creating a digital platform for women’s financial services.
The app will be free and available on the App Store, Google Play and Windows Store. The app will help women manage their finances, access appropriate financial products & services and support them in making informed decisions about how to best invest their money.
Mahila Money Revenue and Business Model
Mahila Money is a microfinance organization that provides loans to women in India, who are often excluded from the benefits of the formal economy. It’s goal is to provide financial stability to rural women, so they can have a greater voice and access to opportunities otherwise unavailable.
The company’s business model relies on loans as a means of revenue generation. The company charges interest on its loans, with a fixed rate of 8% and a variable rate based on the market price of gold. Mahila Money pays for its operations through an equity investment model, where it raises funds from investors and then uses those funds to provide loans to rural women at no cost.
We are creating a digital platform for women’s financial services.
Mahila Money is a digital platform for women’s financial services. It’s a free app that helps you manage your finances, access relevant products and services and earn money through cashback.
Create an account to get started with Mahila Money!
With this account, you can create a bank account and fund it with the debit card that comes with the app (you’ll get one once you log in). You can also use it to send money to friends or family members who don’t have their access card yet.
Women finance applications to manage financial needs and get benefits from many products like loans, insurance, savings, investments etc.
We are creating a digital platform for women’s financial services. The application will help them to manage their financial needs and get benefits from many products like loans, insurance, savings, investments etc.
Mahila money is the one-stop solution for all the financial needs of females to earn and grow money.
The app is free for women to manage their finances and access appropriate financial services and products at any time of the day. The app offers over 30 products like loans, insurance policies, savings accounts etc., all under one roof with no hidden charges or extra costs attached to them.
Conclusion –
Finally, Mahila Money’s main competitor is not another financial institution or a bank; it is time. The company believes that if women have access to loans at low interest rates and high loan amounts, then they will be able to start their own businesses and create jobs for themselves and their families.
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