RBI registered NBFC-P2P (CoR No. N - 02.00299)

Invest & Earn upto 14.5% from P2P Lending

Invest in low risk working capital loans for kirana stores and commodity merchants in rural India.

Open a Free Lending Account
Total Investments*
₹ 6.25 cr
NPA %
0%
Since
March 2021
*For the new business loans post Covid-19 lockdowns

Where does my money get invested?

Cashkumar has partnered with ElasticRun to provide credit to small businesses against invoices/purchases of goods and commodities made on the ElasticRun Procurement platform.

Your investment will be used to fund these purchases upfront. Businesses will repay the credit along with an interest component which you will earn as return on investment at the end of the tenure.

Min Investment
₹ 10,000
Tenure
7 - 28 days
Avg RoI
14.5% p.a
Rated 4.5 stars by over 580 users
  • Kirana Store Owner taking a working capital loan

    Kirana Store Owner in Jalandhar, Punjab

  • Pharmacy owner taking a working capital loan

    Pharmacy Owner in Madurai, Tamil Nadu

  • Supermarket proprietor taking a working capital loan

    Supermarket Owner in Kozhikode, Kerala

  • Wheat merchant in Punjab taking a working capital loan

    Wheat Merchant in Moradabad, UP

About ElasticRun

ElasticRun is a logistics and distribution company based out of Pune, India and valued over $1.5 Billion. Since its inception in March 2016, the company has partnered with over 10 lakh kirana stores and commodity merchants in over 200 cities across rural India.

After their recent fund raise of over $300 Million, they are looking to further expand their services to multiple more tier 2 & tier 3 cities with Cashkumar as a key partner for their lending business.

Borrowers on the Cashkumar-ElasticRun network:

  • Kirana Stores in Tier 2 markets:

    These businesses buy goods from large scale distributors on the Elasticrun platform. They buy goods like food items, cosmetics, medical supplies etc.

    Avg Credit Limit
    ₹ 40,000
    Tenure
    14-28 days
  • Kirana Stores in Tier 3 and rural markets:

    These merchants buy goods from Elasticrun on the Elasticrun platform. They buy goods like food items, cosmetics, medical supplies etc.

    Avg Credit Limit
    ₹ 5,000
    Tenure
    7 days
  • Commodity Wholesalers:

    These businesses buy and sell commodities like sugar, rice, wheat etc. They place orders on the Elasticrun platform for a commodity which is then delivered to them by Elasticrun.

    Avg Credit Limit
    ₹ 3 lakhs
    Tenure
    7-14 days
ElasticRun has developed a crowdsourced, asset-light logistics network of partners who deliver the services to the neighborhood stores (popularly known as kiranas). Some of the major firms that work with ElasticRun to tap this network include Amazon, Tata Consumer Products, Coca-Cola, PepsiCo and Reliance Retail, India’s largest retail chain.
 
Kirana store in India

How is it low risk?

A very high dependency on the ecosystem is created, highly disincentivizing borrowers from defaulting. If a business were to delay or default, further access to the ElasticRun platform is blocked until retailers repay.
ElasticRun is the distributor in most cases or works closely with the distributors for goods, hence there is a push from the distributors end to repay credit and continue to make purchases via the platform.
Businesses are highly aware of the impact on credit accessibility from Cashkumar and other sources if they default and their credit score takes a hit. Businesses repay to maintain good credit scores.
The risk is further reduced by diversifying your investment across multiple borrowers.

How does it work?

Adding Funds to your Cashkumar Wallet

👨 💵

You add ₹ 10,000 to your Cashkumar Wallet. This amount gets added to the Cashkumar Low Risk Fund from your wallet.

Invest in Rural India

India's economy centered around tier 2 and 3 cities is set to outpace urban growth making this segment emerging as a lucrative segment for lending. While tier 1 cities have been impacted the maximum during Covid-19 lockdowns with shutdowns and job losses, the rural sector has borne little impact. People and businesses in these areas have had business as ususal with trade now completely normalized and growing. Traders who have traditionally taken credit at high interest rates from the unorganized lenders are now flocking towards alternate channels like ElasticRun and Cashkumar.

Frequently asked questions

Frequently asked questions

If you can’t find what you’re looking for, email our lender relations team and someone will get back to you.

    • How does Peer to Peer Lending work?

      Peer-to-peer lending is a mechanism which connects individuals in need of credit with others willing to lend. The platform purely acts as an intermediary or marketplace that connects borrowers and lenders. The platform evaluates potential borrowers based on credit worthiness parameters. Investors who wish to invest into Peer-to-Peer lending sign up on the platform as a lender. The platform facilitates lending to verified borrowers. When borrowers repay the credit with interest, lenders received the interest as return on investment.

    • Is Cashkumar a licensed platform?

      Yes, Cashkumar is an RBI licenced Non-Banking Financial Institution- Peer to Peer (NBFC-P2P) and we comply with regulations laid out by the RBI. Our CoR No. N - 02.00299. You can also find us on RBI's list of NBFC-P2Ps under the company name Etyacol Technologies Private Limited. https://rbi.org.in/Scripts/BS_NBFCList.aspx

    • Is investing in Cashkumar safe?

      Cashkumar strictly adheres to RBI guidelines while executing its duties. The only risk involved is investment risk which is universal to all investments. Cashkumar products & funds are of varying risk-to-reward ratios. Cashkumar takes measures to reduce the risk which range from the underwriting process to the collection process.

    • What is the minimum and maximum investment amount?

      The minimum investment amount is ₹ 10,000 and the maximum investment amount is ₹ 50 Lakh.

    • Are returns from P2P lending taxable?

      Yes, returns from P2P lending are taxable according to your income bracket. Cashkumar will provide lenders with a document for tax filing purposes.

    • How can I withdraw investment money?

      Lenders can withdraw invested money by placing a withdrawal request on the platform. If the money has not been lent out any borrower, it will be transferred to your registered bank account. If the money has been lent out, then Cashkumar will pause further investments until your lending wallet has the required amount to be transferred to your registered bank account.

    • Can lenders pick which borrowers they want to invest into?

      Currently, Cashkumar has no live products in which lenders can pick borrowers individually. Cashkumar combines products into a fund into which lenders invest into. Funds are run on an auto investment mode which greatly increases diversification of risk to lenders and averages out returns.

    • What are funds and products on Cashkumar?

      A fund is a group of products which are similar in risk and return. A product is a specific investment model. Eg. Business loan to commodity wholesalers

    • What is the facilitation fee charged by Cashkumar?

      The facilitation fee charged by Cashkumar varies across the different investment products. The facilitation fee depends on risk, partner effort, investment model and other parameters. However, the returns a lender would get from an investment highlighted for the fund.

Get started with your investments today

Get better than Fixed Deposit returns with low risk and high liquidity for your investments. Try with a minimum investment of ₹ 10,000.

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