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.
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 | 5:37 PM Asia / Manila |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
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.
- 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
-
Earlier than 15 daysChief Operating Officer, Loan And Financial Services, Sydney, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysPresident, Manila, Financial Consultant connected with the Business
-
Earlier than 15 daysMD, Fiberglass Manufacturer, Kidderminster, Corporate 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.
