Newly Established Microfinance Company Investment Opportunity in Bokaro, India

Member micro-finance company helping small business owners raise loans, having served 200+ businesses.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 160 thousand
EBITDA Margin
20 %
Industries
Locations
Local Time
8:20 PM Raxaul
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Investment
USD 33 thousand for 25.0% stake (Native Currency: INR 2,500,000)
Reason: To give out more loans to deserving small business owners.
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

Company provides member micro-finance to small businesses such as retail, hardware shops, fruits & vegetable vendors and other cart based vendors. In just 6 months, we have provided loans to 200+ business owners. Our business has 2 branches in Jharkhand and 2 branches in Bihar, in the process of opening the 3rd branch in Bihar.

While providing micro loans, each business owner passes through our verification process of their daily account transaction based on which we decide the size of loan. Each loan is given out for 1 year term and is dispatched only after taking collateral security. We charge 13% interest on loan and 2.6% service tax.

Director of the firm also runs other multiple companies.

Products & Services Overview

Member micro-financing to SMEs.

Facilities Overview
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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