Businesses Seeking Loan

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.

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.

We are engaged in aquaculture. - Own two 3 acres pond/fisheries of IMC fish for instance: Rohu and Kata. - Have an annual harvest of 100 quintal. Hire seasonal workers during harvest season. - Fish is sold at local markets in Ludhiana, Delhi, Sri Ganganagar, Bhatinda, and Ghaziabad/Uttar Pradesh region. - Seeking funds for a 10 acre project. We want to acquire a 10 acre property near Delhi region. The property has already been identified. Want to engage in RAS high density and high value fishing operations. We also plan to develop a poultry farm on the side. - Post-funding, we can acquire the land and start operations within a year.

Business was proprietorship until recently and now it is a private limited company. - Company specializes in manufacturing, supplying, fixing interlocks. - We supply interlocks for interior, exterior and construction purposes. - Majority of our clients are localities within Karnataka. - Our interlocks are used for both commercial and residential purpose. - Clients are contractors, builders, govt entities, commercial and residential building owners. - On average we provide 1.5 lakh square feet interlock laying services. - Factory has the capacity to produce 3,000 pieces of interlocks per day. - Have INR 60 lakh worth of orders in hand. - With more stocks, we can target bigger govt projects in the future.

We seek to start a glass processing factory in order to produce products which will be used in buildings, interiors, furniture and other similar applications. - The business is not presently registered. It will be registered once we receive funds. - Promoter has worked with large glass processing companies for the last 10 years in India and GCC. - Presently, promoter works as a factory manager for a glass processing firm in Bahrain but would move to Chennai once the factory is set up. - We have already purchased some machinery, racks and trolleys for setting up the infrastructure. - A property of 1 acre with a 30,000 Sq Ft shed has been identified for our factory which we would take on rent. - In the process of finalizing quotations for machines from China worth INR 2 crore. - Have 3 major clients who are ready to purchase from us once we set up the factory. - Require 2 transformers for our factory and we are in discussion with the electricity board to get approval for the factory. - We plan to have the factory fully set up and operational within 4-5 months of acquisition of funds.