Newly Established Microfinance Company Seeking Loan in Sheohar, India

Company plans to provide loans to small retail businesses and individuals.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
3:39 AM New Delhi
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Loan
USD 14 thousand for 12.0% annual interest, 3.0 years (Native Currency: INR 1,000,000)
Reason: Working capital for our business.
Collateral Available: USD 0
Includes physical assets worth USD 2.2 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
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
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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