Microfinance Company Seeking Loan in Lucknow, India
Micro-finance company that lends to women entrepreneurs from lower income groups.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 167 thousand |
| Run Rate Sales | USD 270 thousand |
| EBITDA Margin | 12 % |
| Industries | Microfinance |
| Locations | Lucknow |
| Local Time | 5:22 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
223 thousand
for
17.0%
annual interest,
3
years
(Native Currency: INR 20,000,000)
Reason: Require funding in order to increase our lending capabilities.
Collateral Available: USD 0
Includes physical assets worth
USD
5.6 thousand
Interested to connect with advisors
Documents
Business Overview
We are a micro-finance company that lends to women entrepreneurs from lower income group. Our model works on a 'Joint Liability Group' where a group of 4 to 10 individuals come together to avail a loan as a single entity or as a group against a mutual guarantee. Loans are targeted at women and all the loans granted are repayable in 52 weeks. To date we have more than 3,000 total borrowers with a total book outstanding of more than INR 1.5 crore since incorporation. Promoters are experienced bankers with each have more than 25 years of experience in the industry.
Products & Services Overview
4 products available.Onward lending to JLG.
Facilities Overview
Head office and 3 branches on lease rental basis.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Marketing & Financial Solutions, Dubai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysCOO, Lucknow, Financial Consultant connected with the Business
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Earlier than 15 daysExecutive, Investment Managemnt, Calgary, Individual Investor / Buyer connected with the Business
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