Mahindra Ideal Finance Targets US$ 13 Bn Credit Gap for Micro-Entrepreneurs 📈

• Mahindra Ideal Finance Ltd. (MIFL) is strengthening financial inclusion by providing tailored leasing and loan products to Sri Lanka’s underserved micro-entrepreneurs and self-employed workers. • The credit gap for the MSME and "earn and pay" customer segment, who often lack traditional financial documentation (payslips, fixed assets, CRIB history), stands at over US$ 13 Billion. • MIFL focuses specifically on individuals dependent on vehicles (three-wheelers, small trucks, motorbikes) for their income, adapting their products to be "serviceable by their earning patterns." • The three-wheeler sector alone involves over 1 million registered vehicles and supports an estimated 760,000 households and 2.8 million people. Data shows 98% of these drivers actively save through formal banks, yet access to credit remains limited. • The financing model aligns repayment cycles with daily cash flows, making vehicle ownership more accessible and providing a path toward long-term income retention and asset building.