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ACCION: Anjaneyalu

For Anjaneyalu, family is the most important thing in life. He operates his weaving business with the help of his wife and two children, in addition to a few paid laborers. Anjaneyalu looked for ways to expand his business and grow his family’s income to provide a more comfortable life. But, when he approached traditional banks, Anjaneyalu found the application process too complicated, and he wasn’t able to access the funds he needed to achieve his dreams. Anjaneyalu then learned about our portfolio partner Aye Finance, which provides entrepreneurs in India with financial tools to manage their small and medium businesses, including credit to grow their businesses. Anjaneyalu was able to use a loan from Aye to purchase new machines, which allowed him to produce more fabric and grow his business.

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