Microfinance Company Seeking Loan in Johannesburg, South Africa
Authorized credit provider under National Credit Regulator, seeking funds for setting up new branch.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 30 thousand |
| Run Rate Sales | USD 44 thousand |
| EBITDA Margin | 25 % |
| Industries | Microfinance |
| Locations | Johannesburg |
| Local Time | 9:43 PM Africa / Johannesburg |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
5 thousand
for
15.0%
annual interest,
2
years
(Native Currency: ZAR 100,000)
Reason: Opening a new branch.
Collateral Available: USD 500
Includes physical assets worth
USD
1 thousand
Documents
Business Overview
- We are a South African credit provider company operating since 2016, having license under National credit regulator of South Africa.
- Provide small loans of ranging from 2,000 to 10,000 ZAR to individuals, with interest and tenure based on credit regulations.
- Till date, we have provided loans to more than 1,000 clients, and our customer base is growing by 30% every year.
- We are operating 2 branches based in Johannesburg, and are seeking funds to open another branch to accelerate our customer acquisition drive.
Products & Services Overview
Small term personal loans from 2,000 to 10,000 ZAR.
Facilities Overview
Rented office spaces at 2 locations in Johannesburg.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysExecutive Director, Finance, Johannesburg, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, IT Consulting, Redhill, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDeputy CEO, Telecom Services, London, Corporate Investor / Buyer connected with the Business
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