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Nonprofit Organisation Seeking Loan in Belagavi, India

NGO in Karnataka backed by 3+ years of promoter experience seeks funds to open centers.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Other
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Nonprofit Organisations
Locations  Belagavi
Local Time 3:04 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 3.4 thousand for 10.0% annual interest, 2 years (Native Currency: INR 300,000)
Reason: Require funds to start operations and to establish tailoring centers to teach rural women.
Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- The NGO was started to provide various training courses, including tailoring courses and support for women entrepreneurs to start their own businesses.
- We are registered as a society under the Registrar of Societies, not as a Section 8 company. We are not required to be registered under SEBI.
- Our promoters have 3 years of experience in the industry.
- We have obtained registration and PAN.
- Also obtained 12A & 80G registrations and also intending to receive CSR funds.
- We will receive ₹50,000 per month in government contracts through the PM's Vishwakarma program, which helps teach skills to tailors, masons, and carpenters. This will help us finance the loan.
- We are currently focusing on opening a training centers in Belagavi.
Products & Services Overview
NGO focusing on opening tailoring centers in Belagavi to cater to rural women.
Assets Overview
No significant assets for the entity at the moment.
Facilities Overview
Office in Belagavi.
Sq ft area of 500.
Rent per month is INR 6,200.
Capitalization Overview
Shareholders 9.
No loans or debts.
Self funded operations.
Currently collecting funds from public in order to continue the process.
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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