Businesses Seeking Loan

It is a gym equipped with imported equipment. - Franchisee of a well known brand and the contract is valid till 2022. - We operate 24 * 7. - We also provide services for Zumba, Yoga and Kick Boxing. - We have 12 trainers with minimum experience of 5 years. - We have 300 registered members. - Footfall on a daily basis is around 100 clients. - Located in a commercial area. - Generate leads through pamphlets, social media.

The business procures and sells betel leaves. We buy the betel leaves from farmers and have tie-ups with 100 farmers. After procuring, we sell it to 40 wholesale clients on a regular basis. Promoter has a business experience of 20+ years. Business owned assets include office equipment, laptop and furniture.

Integrated adverting & marketing company that also provides turnkey interior designing and consulting services. It's just a 2 year old company and have grown from serving 2 clients to 6 clients in a short duration which has increased our sales 2X compared to last year. Founder of the company has been in this industry since the last 20 years. For the advertising segment, we serve builders including Sobha Ltd and Phoenix Real Estate. For turnkey interior designing and consulting, we build showrooms for Tata Hitachi and Eicher Motors. Business has 6 months sales receivables terms with one of our biggest revenue contributing client which is leading to low cash inflow in the business. Seeking funds for working capital.

We develop ERP products for our clients. - Have developed 2 products for a logistics client. - Have tie ups with 2 clients. - Generate leads through digital promotion. - Promoter has 13+ years of industry experience.

We are retailers of computers, mobile and its accessories. - Listed on Amazon and Flipkart for online sales. - We also have tie up with 10 corporate clients. - We buy products directly from the company. Currently buying from 10 companies. - Founder has 20 years of experience.

We are an NBFC company & have applied to RBI for change in status from NBFC to NBFC MFI. - The company was incorporated in Allahabad but after it was acquired by the current CEO, the headquarters was shifted to Gurgaon. - We are a microfinance company providing loans to women for income generating activity only. The business does not accept any deposits from their members. - We have disbursed up to 6,800 loans till date which amounts to nearly INR 15 crore. The business has over 2,900 registered members on the platform as of now. - Our average ticket size is between INR 25,000- 40,000 per customer. - We charge 26% of reducing interest on the loan which includes 1% processing fees. - Our EMI collection is conducted on a fortnightly /monthly basis. - We do KYC as per RBI norms and follow a JLG (Joint Liability Group) model while disbursing loans. The group size can range from 5 - 20 members. If one member defaults on the loan repayment, the entire group needs to bear its liability. - Besides that, we conduct a comprehensive background check which includes an inspection of the bank records, Aadhaar card, and PAN card. - We also conduct a physical verification check of the member's house, check their cash flow and annual income statement and consult the member's neighbours about their financial stability. - The business also conducts a credit check on their members through Equifax and Highmark and are planning to tie up with another Fintech company for credit evaluation. Owing to our comprehensive due diligence, the default rate on loans are very minimal at around 0.5%. - The CEO of the company is a Chartered Accountant with 10 years of experience in the finance sector. The COO has over 18 years of experience in the microfinance sector. - The business has been registered in Allahabad but we operate from a office in Gurgaon.