Consumer Lending Company Seeking Loan in Karnataka, India
Company runs a chit along with providing micro loans for small business and emergency requirement.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 41 thousand |
| EBITDA Margin | 35 % |
| Industries | Consumer Lending |
| Locations | Karnataka |
| Local Time | 3:35 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
57 thousand
for
18.0%
annual interest,
3
years
(Native Currency: INR 5,000,000)
Reason: Not able to meet the client requirement. Need capital fund for new loan scheme.
Collateral Available: USD 0
Includes physical assets worth
USD
3.4 thousand
Interested to connect with advisors
Documents
Business Profile
(934.2 KB)
ROC-Verification.pdf
(59.4 KB)
Business Overview
- Company runs a chit fund for members.
- We have 75 members saving money in our fund. They can put money on daily or monthly basis.
- We have a quick and transparent process.
- We provide micro loans to people in an interest rate of 18% per annum.
- Revenue generated by the company is basically the interest we earn on the money given as loan.
- We have one investor and one financial advisor.
- We have license of chit fund money lending and we are in the process of filing an application for non banking financial.
- Promoter has 5 years of experience in finance.
- We have 75 members saving money in our fund. They can put money on daily or monthly basis.
- We have a quick and transparent process.
- We provide micro loans to people in an interest rate of 18% per annum.
- Revenue generated by the company is basically the interest we earn on the money given as loan.
- We have one investor and one financial advisor.
- We have license of chit fund money lending and we are in the process of filing an application for non banking financial.
- Promoter has 5 years of experience in finance.
Products & Services Overview
Chits, Pigmy Deposits, Micro Loans, Term Deposits.
Facilities Overview
650 Sq Ft on rent.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Agricultural And Animal Husbandry, Ahmedabad, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysEngineer, IT, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysEngineer, Investor, Bengaluru, Individual Investor / Buyer connected with the Business
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
