Microfinance Company Seeking Loan in Mysore, India
Microfinance firm seeking capital to expand unsecured lending portfolio and restore growth momentum.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Public Limited Company |
| Reported Sales | USD 60 - 70 thousand |
| Run Rate Sales | USD 63 thousand |
| EBITDA Margin | 25 % |
| Industries | Microfinance |
| Locations | Mysore |
| Local Time | 1:54 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
157 thousand
for
12.0%
annual interest,
2
years
(Native Currency: INR 15,000,000)
Reason: We are seeking funding for working capital and to expand operations into new areas in Mysore.
Loan ...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
1.57 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Microfinance business providing unsecured working capital loans to small vendors through a daily repayment model.
- Offers unsecured business loans ranging from INR 40,000 to INR 1 lakh, designed to support the working capital requirements of small businesses and micro-entrepreneurs.
- Has successfully disbursed over 350 loans and maintains an excellent collection rate of approximately 99%, reflecting disciplined credit assessment and recovery practices.
- Operates a structured daily collection model that enables close portfolio monitoring, timely repayments, and strong customer engagement.
- Sales have declined due to working capital constraints after some directors exited the business and withdrew their initial capital contribution, creating an opportunity for fresh investment to revive growth.
- Well-positioned to scale lending operations by strengthening its capital base and expanding its borrower portfolio.
- Holds a Nidhi license, with no additional regulatory approvals required for its current operations.
- Offers unsecured business loans ranging from INR 40,000 to INR 1 lakh, designed to support the working capital requirements of small businesses and micro-entrepreneurs.
- Has successfully disbursed over 350 loans and maintains an excellent collection rate of approximately 99%, reflecting disciplined credit assessment and recovery practices.
- Operates a structured daily collection model that enables close portfolio monitoring, timely repayments, and strong customer engagement.
- Sales have declined due to working capital constraints after some directors exited the business and withdrew their initial capital contribution, creating an opportunity for fresh investment to revive growth.
- Well-positioned to scale lending operations by strengthening its capital base and expanding its borrower portfolio.
- Holds a Nidhi license, with no additional regulatory approvals required for its current operations.
Products & Services Overview
Unsecured working capital loans of INR 40,000–1 lakh for small vendors and micro-businesses requiring short-term business financing.
Assets Overview
The company’s tangible assets include office equipment comprising two computers, thirty‑two chairs, three sets of tables, and a dedicated boss cabin.
Facilities Overview
The company operates from a rental office measuring 450 sq. ft. on a single floor, with a monthly rent of INR 4,500.
Capitalization Overview
Our management team has contributed INR 65 lakh towards the business. The company is owned by three equal shareholders.
Recent Activity
-
2 days, 1 hour agoConsultant, Bengaluru, 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
1 Investor contacted this Business this week.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 70,500+ 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