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Newly Established Microfinance Business for Sale in Kanpur, India

Non-operational microfinance company available for sale in India.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 2 - 5
Legal Entity Other
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Microfinance
Locations  Kanpur
Local Time 5:48 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 8 thousand (Native Currency: INR 600,000)
Reason: The owner does not want to continue in the business.
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Non-operational microfinance business.

- It is registered with MCA.

- Company has a license from RBI.

- An alternate way to initiate a microfinance company is getting registration with RBI which require INR 5 crore net worth.

- The business was formed to provide loans to unemployed or low-income individuals who had no other source for financial services.

Products & Services Overview

Loan provider to unemployed or low-income individuals or groups who otherwise would have no other access to financial services and the amount of loan is small but interest rates are very high.

Assets Overview

The business does not have any physical assets. The buyer will get the business along with the microfinance license.

Facilities Overview

There is no office facility at the moment.

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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