Need help?

Microfinance Company for Sale in Manila, Philippines

For Sale: Micro lending business with two branches offering consumer loans to individuals and businesses.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity C Corporation
Reported Sales USD 280 thousand
Run Rate Sales USD 250 thousand
EBITDA Margin 20 - 30 %
Industries Microfinance
Locations  Manila
Local Time 12:00 PM Asia / Manila
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 210 thousand (Native Currency: PHP 12,000,000)
Reason: The shareholders want to focus on their other businesses and projects. The other 2 shareholders died... View More
Includes physical assets worth USD 12.3 thousand
Interested to connect with advisors
Business Overview
- Microfinance business that lends to small businesses, and gives personal loans.
- Started during the pandemic with 300 customers.
- Now we get almost 50 customers every month with the help of freelance agents.
- We charge an annual interest that ranges between 20-33%
- The term of the loans is mostly 6 months.
- Default rate of 3-5%, and these are mostly delays. All lendee repay their loans at the end of the day.
- Complete client verification and membership with 2 of the country's biggest credit registries.
- The company has full access to the borrower's repository of credit information and services.
- There are 5 owners in the company with a varied split of ownership. 2 of the owners passed away in the pandemic.
- There are no loans in the name of the legal entity.
- Buyer gets the legal entity, licenses, and client list.
- We started with our own capital and do not collect deposits. Now loans are disbursed for the company's corpus.
- The total sales have dipped a bit as we have reduced the ticket sizes of the loans for the past few months.
Products & Services Overview
Business loans, personal loans, and employees' salary loans.
Assets Overview
Loans Receivables, Physical Asset, Client Database, Access to Credit Registry Bureau.
Facilities Overview
Transactions are done online and via our physical office in the Southern part of Metro Manila and Luzon region.
Capitalization Overview
We are funded via our own cashflow from shareholders' capital. We have an outstanding loan obligation of $3,000 from a government body that helped SMEs during the pandemic (0% interest). No investors, all are owned by 5 shareholders (family corporation).
Recent Activity
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.
This transaction has concluded. View 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.
Frequently
Asked
Questions
  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more