LAUTOKA-based company Mogul Pte Limited has launched its credit facility, Mogul Pay, aimed at assisting small businesses and startups.
Founded in 2017, Mogul Pte Limited is a Lautoka-based company focused on visual solutions and various types of signage and printing works.
Company director Ritesh Chauhan noted the challenges faced by businesses in getting off the ground and remaining operational years after.
“What we have realised through our research and study is that when businesses start, they have an x amount of capital. After a certain period of time, they will decide whether to buy a product, put it on a shelf, paint the office, shop, pay the rent a couple of months in advance, keep money for operations, for wages and all of that. It becomes hard,” Mr Chauhan said.
He said marketing and cosmetic aspects of the business were often overlooked.
“At the end of the day, humans are attracted to light. We are attracted to colours, we are attracted to things easy on the eye, so if the signage is not there for business, you will not go in.”
Mr Chauhan said there was zero deposit, no fees for any paperwork and interest-free.
“So, what you get is up to $10,000. You can apply for a credit system with us and on that we will give you the signage you require. We will guide you.”
He said their repayment strategies were also easier for customers.
Mr Chauhan said the company would help boost the growth of businesses.
“We will do feasibility on your behalf, we’ll tell you what is right for your business, what will work for your business.
“We will give you the right advice about the right amount to spend on your business.”
