Number of women seeking business loans tripled in last 5 years

The number of women seeking loans to build their own businesses tripled over the past five years, credit research firm TransUnion Cibil said in a report on Monday. The study added that the number of women borrowers grew at a compounded annual growth rate (CAGR) of 15 per cent during this period. That of male borrowers was up 11 per cent. “Our most recent analysis shows rapid growth in credit uptake by women across India’s rural and semi-urban geography. The share of women borrowers has increased from 25 per cent in 2017 to 28 per cent in 2022,” TransUnion Cibil said in the report.

tips

compound：复合的，混合的

firm：公司，商号

compounded annual growth rate (CAGR) ：复合年增长率

borrow：借用（borrow sth from sb/sw）

uptake：举起，拿起

credit uptake：信用贷款的使用量