Newly Established Microfinance Company Seeking Loan in Mumbai, India

Savings and microfinance Nidhi company looking to expand its customer base.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Public Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Microfinance
Locations  Mumbai
Local Time 12:06 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 27 thousand for 15.0% annual interest, 3 years (Native Currency: INR 2,000,000)
Reason: To increase our customer base and ensure quick disbursement of loans.
Collateral Available: USD 0
Includes physical assets worth USD 1.3 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- Our company was registered almost 4 months ago and we plan to start operations by next month.

- We will offer microfinance loans and daily deposit savings to our members.

- The initial value of these loans will be from INR 5,000 and would have an interest of 22% to 30% per annum.

- Have taken up an office in Mumbai but we have not been able to start operations due to the current global situation.

- Promoter has 15 years of experience in the finance industry.

Products & Services Overview

Microfinance, gold loan, saving account, RD, FD, daily collection.

Facilities Overview

Rented office of INR 7,000 per month.

Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more