Microfinance Company Seeking Loan in Mumbai, India
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 30 - 40 thousand |
| Run Rate Sales | USD 140 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Microfinance |
| Locations | Mumbai |
| Local Time | 1:20 AM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
- Micro Finance Company providing loans to small businesses, group loans to women, personal loans and emergency loans.
- It was a running business which we acquired one year back and are now planning to expand it and make it a franchise model.
- We provide loans to women and small businesses such as shopkeepers, auto drivers, taxi drivers.
- Promoter is from the finance background and have more than 12 years of experience in management, sales and marketing.
- Have distributed 200 micro loans to different business and individuals.
- Our average loan ticket size is between INR 5,000 to 25,000 in first attempt which is provided.
- We do KYC and also collect cheque and bank statements as assurance from the business owners wherever possible.
- Our target is to provide 10,000 micro loans per year.
- On an average we are providing INR 10 lakh worth loans every month.
- Interest on the loan is in the range of 15 to 25 percent.
- We have 20 collection executive who also acts as agents. They work on commission basis.
- Repayment duration for the loans is between 3 months to 1 year.
We provide business loan, personal loan, group loan and emergency loan.
Office is on 3 years lease with 2 floor built up area of 250 sq ft.
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Earlier than 15 daysFounder, Financial Advisory, Delhi, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysIndividual Advisor, Mumbai, Business Broker connected with the Business
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Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
