Microfinance Company Seeking Loan in Sheohar, India
Company plans to provide loans to small retail businesses and individuals.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Public Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Microfinance |
| Locations | Sheohar |
| Local Time | 7:14 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
11.7 thousand
for
12.0%
annual interest,
3
years
(Native Currency: INR 1,000,000)
Reason: Working capital for our business.
Collateral Available: USD 0
Includes physical assets worth
USD
1.75 thousand
Documents
ROC-Verification.pdf
(59.4 KB)
Business Overview
- Our company aims to provide loans to individuals and small businesses.
- We would lend in amounts ranging from 5,000 to 50,000 INR for a year with nominal interest charge. We have a dedicated 10 member team who help in acquiring customers. They are also involved in collections from borrowers.
- Individuals and small retailers seeking loans will have to register with us. We currently have 100 members registered mostly from Sheohar district.
- Also planning to introduce fixed deposit and recurring deposit services in the future.
- We require funds for working capital. This would help us achieve a sustenance cycle in our business.
- We would lend in amounts ranging from 5,000 to 50,000 INR for a year with nominal interest charge. We have a dedicated 10 member team who help in acquiring customers. They are also involved in collections from borrowers.
- Individuals and small retailers seeking loans will have to register with us. We currently have 100 members registered mostly from Sheohar district.
- Also planning to introduce fixed deposit and recurring deposit services in the future.
- We require funds for working capital. This would help us achieve a sustenance cycle in our business.
Products & Services Overview
- Loans to small businesses and individuals.
Facilities Overview
Rented office, shared in a 2,000 Sq. Ft. building.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Marketing & Financial Solutions, Dubai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Oil & Energy, Dubai, Individual Investor / Buyer connected with the Business
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