Mogul Pte Limited, a company based in Lautoka, has introduced a new credit facility called Mogul Pay, designed to support small businesses and startups in their development. Established in 2017, Mogul specializes in providing visual solutions, including signage and various printing services.
Ritesh Chauhan, the director of Mogul, highlighted the common struggles that emerging businesses face in both starting up and maintaining their operations. He emphasized that initial capital is often spent on essential items such as inventory, rent, and wages, leaving little room for marketing and aesthetic improvements. “At the end of the day, humans are attracted to light. We are attracted to colours, and we are attracted to things that are easy on the eye; so if the signage is not there for business, you will not go in,” Mr. Chauhan explained.
What sets Mogul Pay apart is the absence of a deposit, paperwork fees, and interest charges. Businesses can apply for credit of up to $10,000, which can be used for signage and other marketing needs. The company not only provides the financial support but also offers guidance on what is best for each client’s business needs.
Mr. Chauhan expressed hope that this initiative would spur business growth. He stated, “We will conduct feasibility studies on your behalf, advising you on the right amounts to spend to ensure your business flourishes.”
This innovative approach could provide a pathway for many small businesses to flourish by enhancing their visibility and appeal, ultimately contributing to a stronger local economy.
In summary, Mogul Pte Limited’s new credit facility aims to empower small businesses by addressing their financial constraints and emphasizing the importance of effective marketing and attractive storefronts. This positive step could lead to increased growth opportunities for entrepreneurs in the region.
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