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 1.42 million |
| EBITDA Margin | 7 % |
| Industries | Microfinance |
| Locations | India |
| Local Time | 4:58 PM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Seeking Loan
USD
590 thousand
for
12.0%
annual interest,
5
years
(Native Currency: INR 50,000,000)
Reason: Funds required for onward lending.
Collateral Available: USD 590 thousand
Includes physical assets worth
USD
7.1 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
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