Microfinance Business Seeking Loan in Jela Sadar, India

Company provides personal loan in rural and urban areas seeks investment to build capital.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 3.2 thousand
EBITDA Margin
15 %
Industries
Locations
Local Time
10:37 AM India
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Loan
USD 66 thousand for 10.0% annual interest, 5 years (Native Currency: INR 5,000,000)
Reason: To cater to the loan demand that the company is receiving from nearby towns.
Collateral Available: USD 0
Includes physical assets worth USD 1.3 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Deed 1
Deed 2
Deed 3
Deed 4
Deed 5
Deed 6
Deed 7
Deed 8
Deed 9
Deed 10
Deed 11
Deed 12
Deed 13
Deed 14
Deed 15
Trade License 1
Trade License 2
Trade License 3
PAN Card
Business Overview

- We are operating since 2016 as a trust that provides Self Help Group Loan (SHG Loan), mainly to rural community.

- Our trust consists of 5 members who finances and manages loan disbursements. Have provided loans to more than 50 individuals till date.

- Our executives surveys nearby villages to understand borrowers' requirements and create groups. Company disburses loans for the entire group of 30 to 50 borrowers.

- We offer a minimum of INR 10,000 and maximum of INR 50,000 as loan to borrowers. The background of borrowers are typically farmers, laborers and self-employed women.

- We offer loans at a nominal interest rate of 16 to 20%. Tenure of the loan will be 1 to 2 years. Collection will be done on weekly basis.

- Receiving more demand for our loan services and we are looking to raise funds to fulfill the demand.

Products & Services Overview

Self Help Group Loan services.

Facilities Overview
Recent Activity
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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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