Microfinance Company for Sale in Manila, Philippines
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 |
- 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.
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Earlier than 15 daysChief Operating Officer, Loan And Financial Services, Sydney, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysPresident, Manila, Financial Consultant connected with the Business
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Earlier than 15 daysMD, Fiberglass Manufacturer, Kidderminster, Corporate Investor / Buyer connected with the Business