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    Microfinance Company Seeking Loan in Sheohar, India

    Company plans to provide loans to small retail businesses and individuals.
    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 4:10 PM Asia / Kolkata
    Listed By Business Owner / Director
    Status Moderately Active
    Overall Rating
    6.8 / 10
    Compare with industry
    Seeking Loan
    USD 12 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 1.8 thousand
    Name, Phone, Email
    Available after connect
    Business Name
    Not disclosed
    User Verification
    Documents
    ROC-Verification.pdf
    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.

    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
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    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.
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