Consumer Lending Company Seeking Loan in Karnataka, India

Company runs a chit along with providing micro loans for small business and emergency requirement.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 50 thousand
EBITDA Margin
35 %
Industries
Locations
Local Time
5:08 PM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 66 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 4 thousand
Interested to connect with advisors
Documents
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.

Products & Services Overview

Chits, Pigmy Deposits, Micro Loans, Term Deposits.

Facilities Overview
Recent Activity
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This transaction has concluded. Similar business opportunities on SMERGERS
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.

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