Newly Established Microfinance Company Seeking Loan in Hanwella, Sri Lanka
Non banking financial institute seeks a loan for expanding the operations and branch network.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 97 thousand |
| Run Rate Sales | USD 390 thousand |
| EBITDA Margin | 30 % |
| Industries | Microfinance |
| Locations | Hanwella |
| Local Time | 3:38 PM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
970 thousand
for
15.0%
annual interest,
15
years
(Native Currency: LKR 300,000,000)
Reason: As per our business plan, we need to open 15 Branches island wide before end of FY 2026.
Collateral Available: USD 970 thousand
Includes physical assets worth
USD
16.2 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Certificate of Incorporation
(6.5 MB)
Recovery Card
(51.1 KB)
Offer Letter
(67.0 KB)
Agreement
(70.4 KB)
Topjob Ad
(43.3 KB)
New Branch Opening
(57.5 KB)
Business Proposal
(886.3 KB)
Open Day
(203.8 KB)
Team
(127.2 KB)
Hettipola another branch
(740.1 KB)
Business Overview
- Microfinance and consumer lending business in Sri Lanka.
- Aids in women's empowerment through loan assistance.
- Commenced operations in March of the current year.
- The business offers short-term loans.
- Loan periods span 3 months, 6 months, and 1 year.
- Served over 100 clients this year.
- The average interest rate ranges from 6% to 8% per month.
- Permitted and registered under the Sri Lankan Registry of Companies.
- According to the Sri Lankan government, a minimum of LKR 25 billion in loans must be disbursed before obtaining approval from the Central Bank of Sri Lanka.
- Aids in women's empowerment through loan assistance.
- Commenced operations in March of the current year.
- The business offers short-term loans.
- Loan periods span 3 months, 6 months, and 1 year.
- Served over 100 clients this year.
- The average interest rate ranges from 6% to 8% per month.
- Permitted and registered under the Sri Lankan Registry of Companies.
- According to the Sri Lankan government, a minimum of LKR 25 billion in loans must be disbursed before obtaining approval from the Central Bank of Sri Lanka.
Products & Services Overview
Loans are provided for various purposes, including personal finance, the purchase of new vehicles, business investments, and land acquisition.
Assets Overview
The physical assets owned by the business include:- Office furniture valued at 5 million LKR.
- IT infrastructure worth 2 million LKR, which includes computers, printers, and other related equipment.
The intangible assets owned by the business include:
- The lease agreement.
- Vehicle registration documents.
Facilities Overview
The head office branch is located in Hanwella, which is 40 km away from Colombo. The company expects to open another five branches across the island.
Capitalization Overview
The company has three directors. Shareholder ownership is distributed as The equity, amounting to LKR 10 million, was financed by the major shareholder.Additionally, the business operates without any debt.
Recent Activity
-
Earlier than 15 daysCFO, Financial Services, Shanghai, Corporate Investor / Buyer connected with the Business
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