Microfinance Company Seeking Loan in Odisha, India
NBFC with 6,800 registered members following JLG model that disbursed INR 10 crore last year.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 50 - 100 |
| Legal Entity | Private Limited Company |
| Reported Sales | INR 10 - 20 crore |
| Run Rate Sales | INR 14.4 crore |
| EBITDA Margin | 7 % |
| Industries | Microfinance |
| Locations | Odisha |
| Local Time | 6:34 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
INR
5 crore
for
7.0%
annual interest,
5
years
(Native Currency: INR 50,000,000)
Reason: To increase the amount of loans disbursed and expand the company size.
Collateral Available: INR 2 crore
Includes physical assets worth
INR
2 crore
Interested to connect with advisors
Documents
Equifax Certificate
(334.6 KB)
Team Picture with Office Exteriors
(73.4 KB)
RBI License Registration
(547.7 KB)
PAN Card - Business
(288.0 KB)
ROC-Verification.pdf
(60.9 KB)
Business Overview
- NBFC / microfinance company with over 6,800 registered members. Target individuals from lower income class.
- We do not accept any public deposits. Only engaged in lending.
- Have lent over INR 10 crores in the previous financial year out of which INR 5.6 crores is outstanding payments.
- Charge an interest rate of 12.5 percent on average. An average loan size is INR 15,000-20,000.
- Follow a JLG model. Each member is a part of a group consisting of 6 members which is a part of a larger house consisting of 20 members. Also follow a SAGE model that is exclusive to female members only. Should a member default on loan repayments, the entire group takes the liability for the same.
- Have a field officer that is responsible for verifying all the documentation of the member, undertaking a credit check, and conducting house and neighbourhood inspections before providing a loan.
- Primarily rely on word-of-mouth promotion and referral to acquire new members.
- We do not accept any public deposits. Only engaged in lending.
- Have lent over INR 10 crores in the previous financial year out of which INR 5.6 crores is outstanding payments.
- Charge an interest rate of 12.5 percent on average. An average loan size is INR 15,000-20,000.
- Follow a JLG model. Each member is a part of a group consisting of 6 members which is a part of a larger house consisting of 20 members. Also follow a SAGE model that is exclusive to female members only. Should a member default on loan repayments, the entire group takes the liability for the same.
- Have a field officer that is responsible for verifying all the documentation of the member, undertaking a credit check, and conducting house and neighbourhood inspections before providing a loan.
- Primarily rely on word-of-mouth promotion and referral to acquire new members.
Products & Services Overview
Offer micro-financing loans that targets people from lower income class.
Assets Overview
Bank deposit and the interiors and furnishings of the office.
Facilities Overview
Have 10 branches with one head office in Brahmapur. Pay a monthly rent of INR 1.120 lakh across all the properties. Head office has an area of 3,000 square feet.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysCEO, Investment, Manila, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysManaging Director, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysDirector, Development, Mumbai, Corporate Investor / Buyer connected with the Business
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