Microfinance Company for Sale in Kingston, Jamaica
Jamaica-based microfinance company for sale with 350+ active clients, licensed and regulated ready for expansion.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 100 - 200 thousand |
| Run Rate Sales | USD 112 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Microfinance |
| Locations | Kingston |
| Local Time | 6:04 AM US / Eastern |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
220 thousand
(Native Currency: JMD 35,000,000)
Reason: The owners are selling the business due to personal family matters that require their full attention...
View More
Includes physical assets worth
USD
8.7 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Certificate of Business Incorporation
(13.7 MB)
Domain-Verification.pdf
(213.7 KB)
Business Licence
(622.4 KB)
Business Overview
- Business partnerships: Well-established relations with businesses to facilitate payroll deducted loan repayments.
- Regulatory relations: Fully licensed by the Bank of Jamaica under the Microcredit Act, 2021, ensuring compliance and credibility.
- Customer relations: Proven communication channels with customers, fostering trust and transparency and repeat customers.
- Staff expertise: Professional staff with over 15 years of specialized expertise in financial services.
- Location: The loan office is currently located in a commercially active business area of Kingston, centrally located to enhance accessibility.
- Client base: Currently serving 350 clients in Kingston and St Catherine.
- Revenue Model: Primarily based on interest and commissions on transactions and loan fees.
- Loan receivables: Valued at over JMD 23 million.
- The company has access to the borrowers' repository of credit information and services.
- The business is resilient and has withstood economic fluctuations (i. e. Covid 19) and markets changes without needing external financial support.
- Consistent financial performance - Reflecting a well-managed loan portfolio and effective risk management practices.
- Consistent financial performance: Reflecting a well-managed business. The total sales have declined slightly over the past year due to a reduction in the number of loans disbursed. Financial statements are available upon request for serious inquiries.
- Regulatory relations: Fully licensed by the Bank of Jamaica under the Microcredit Act, 2021, ensuring compliance and credibility.
- Customer relations: Proven communication channels with customers, fostering trust and transparency and repeat customers.
- Staff expertise: Professional staff with over 15 years of specialized expertise in financial services.
- Location: The loan office is currently located in a commercially active business area of Kingston, centrally located to enhance accessibility.
- Client base: Currently serving 350 clients in Kingston and St Catherine.
- Revenue Model: Primarily based on interest and commissions on transactions and loan fees.
- Loan receivables: Valued at over JMD 23 million.
- The company has access to the borrowers' repository of credit information and services.
- The business is resilient and has withstood economic fluctuations (i. e. Covid 19) and markets changes without needing external financial support.
- Consistent financial performance - Reflecting a well-managed loan portfolio and effective risk management practices.
- Consistent financial performance: Reflecting a well-managed business. The total sales have declined slightly over the past year due to a reduction in the number of loans disbursed. Financial statements are available upon request for serious inquiries.
Products & Services Overview
Microfinance company offering loans to employed individuals who live and work in Jamaica as well as micro businesses to help them grow, we offer:- Payday loans.
- Personal loans.
- Business loans.
- Loan products are secured with an asset or guarantor or unsecured.
- The company has built a robust and loyal customer base, serving over 350 clients with a large number of repeat customers.
- We charge an annual interest that ranges between 30-120% per annum.
- The term of the loans is mostly 6 months.
- Default rate of 3-10% and is collected when assigned to our contracted debt collector.
Assets Overview
- Buyer gets the legal entity, all the company shares and business licenses.- Loans receivables.
- Client database.
Hardware:
- State-of-the-art computer systems.
- Office furniture and equipment.
Software:
- Custom loan management and accounting software systems designed to effectively manage accounts and have scalable functionality designed for future expansion.
- Efficient customer relationship management (CRM) systems.
- Cloud-based security and data protection software.
- Effective website with automated functionality to direct customer inquiries to our credit team.
- All social media business accounts.
Facilities Overview
The loan office is currently rented on a busy plaza and located in a commercially active business area of Kingston, centrally located to enhance accessibility. The lease is on a long-term basis, renewed annually.
Capitalization Overview
- The business is fully self-funded and self-sufficient. It generates enough revenue for operational expenses, loan disbursement and cash flow, and provides return to directors.- No loans or debts.
- 1 shareholder who owns 50 ordinary shares and 100% ownership.
- No investors.
Recent Activity
-
Earlier than 15 daysPrivate Equity Analyst, Kingston, Financial Consultant connected with the Business
-
Earlier than 15 daysMD, Information Technology & Services, Dubai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysCOO, IT, New York City, 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.
Contact Business
9 Buyers already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 124,000+ other businesses of all sizes.
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.
You might also be interested in these businesses