Facebook ties up with Indifi to offer loans to small businesses in India

Facebook on Friday launched the 'Small Business Loan Initiative' with online lending platform Indifi to help small and medium businesses (SMBs) secure collateral-free loans in the range of ₹5-50 lakh. Facebook India MD Ajit Mohan said the company hopes growth in the sector would "eventually benefit" it since these SMBs "will probably use our solutions" like Instagram and WhatsApp.