Microfinance Company Seeking Loan in India
Microfinancing business lending to 80,000+ women entrepreneurs in the low-income group across India.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 100 - 500 |
| Legal Entity | Public Limited Company |
| Reported Sales | USD 1 - 2 million |
| Run Rate Sales | USD 1.35 million |
| EBITDA Margin | 7 % |
| Industries | Microfinance |
| Locations | India |
| Local Time | 4:53 AM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Seeking Loan
USD
560 thousand
for
12.0%
annual interest,
5
years
(Native Currency: INR 50,000,000)
Reason: Funds required for onward lending.
Collateral Available: USD 560 thousand
Includes physical assets worth
USD
6.8 million
Interested to connect with advisors
Business Overview
- Microfinancing company promoted by a group of accomplished individuals with nearly 120 years of cumulative experience in running financial services.
- Lends to women entrepreneurs in the low-income category. These women are typically equipped with skills to take up sustainable micro-businesses, and access to timely funds is transforming lives.
- Have 80,000+ cumulative loan members (all women) with a 99 % on-time repayment rate. (Due to Covid the current collection rate is around 85% + and is expected to reach 99% by the end of the year. )
- Has distributed INR 2,000 million+ (cumulative loans) and current outstanding portfolio of INR 500 million.
- Has a model that enables a group of individuals (usually five) to take loans for income-generating activity by forming a group, wherein group members guarantee each other's loans.
- Has own ERP system which gives adequate MIS data for - Capital Adequacy Ratio (CAR), Liquidity Risk Management, Interest Rate Coverage, Debt Equity Ratio and Reports relating to day-to-day activities of branches.
- Approach post disbursement:
Program monitoring and supervision: If required, providing the additional top-up loans. Women entrepreneurs are covered by microinsurance.
- Loans ranging from INR 20,000 (USD 300) to INR 60,000 (USD 900) with up to 24 months repayment duration and monthly EMI and 22% rate of interest.
- Have a license from RBI for micro-financing.
- Lends to women entrepreneurs in the low-income category. These women are typically equipped with skills to take up sustainable micro-businesses, and access to timely funds is transforming lives.
- Have 80,000+ cumulative loan members (all women) with a 99 % on-time repayment rate. (Due to Covid the current collection rate is around 85% + and is expected to reach 99% by the end of the year. )
- Has distributed INR 2,000 million+ (cumulative loans) and current outstanding portfolio of INR 500 million.
- Has a model that enables a group of individuals (usually five) to take loans for income-generating activity by forming a group, wherein group members guarantee each other's loans.
- Has own ERP system which gives adequate MIS data for - Capital Adequacy Ratio (CAR), Liquidity Risk Management, Interest Rate Coverage, Debt Equity Ratio and Reports relating to day-to-day activities of branches.
- Approach post disbursement:
Program monitoring and supervision: If required, providing the additional top-up loans. Women entrepreneurs are covered by microinsurance.
- Loans ranging from INR 20,000 (USD 300) to INR 60,000 (USD 900) with up to 24 months repayment duration and monthly EMI and 22% rate of interest.
- Have a license from RBI for micro-financing.
Products & Services Overview
Microfinancing institution lending to women entrepreneurs in low-income category. These women are typically equipped with skills to take up sustainable micro-businesses, and access to timely funds is transforming lives.
Assets Overview
Deposits given to financial institutes against borrowing.
Facilities Overview
Have 15 branches based in India with 100+ employees. All the offices are rented.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysExecutive Director, Financial Investment, Dubai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Food Products, Erode, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysIndependent Advisor, Hyderabad, Financial Consultant 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
26 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,000+ 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