Microfinance Company Investment Opportunity in Owerri, Nigeria

This is a well known NGO in Nigeria and intends to startup a Micro-finance outfit.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
2:56 AM Nigeria
Listed By
Management Member
Status
Active
Overall Rating
Seeking Investment
USD 26 thousand for 10.0% stake (Native Currency: NGN 10,000,000)
Reason: Microfiance has been known to be a booming business in Nigeria and we want to tap into the business.
Includes physical assets worth USD 5 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Proposal
Business Overview

- This is an NGO in Nigeria wanting to start a micro finance outfit especially for women.

- This involves disbursing loans to individuals in groups, after they have successfully registered and undergone pre loan training.

- After the disbursement of the loan, clients are given 14 days of grace before they commence repayment and repayment shall be done weekly.

- Mandatory savings of our loan cycle shall last for only 31 weeks.

- The operation of this method is functionally carried out by Credit Officers who are in the field, mobilizing marketing and managing the clients in various groups. They are in turn supervised by a Branch manager who oversees the operation of four Credit Officers in a Branch. There are also Area Mangers that oversee the operation of four Branches in an Area.

- At the end of year one we would have reached about 1,800 entrepreneur poor women and 3,600 in the year two.

Products & Services Overview

Microfinance products includes: Savings product which has mandatory and voluntary savings as the major savings products. Also providing loan disbursement.

Facilities Overview
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.
Contact 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.
You might also be interested in these businesses

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 can I be sure that the business profile will be active?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more