Businesses Seeking Loan in Akola

- A drone manufacturing company with a manufacturing facility and 2 offices. - We have been working on the much-needed agriculture techno-innovations for a couple of years. By doing sincere hard work, we have successfully developed 2 spraying drone models. - We are a team of techno-savvy engineers, all of us are from the farmer's family. Our mission is to bring technological innovations for Indian farmers. - We have applied patents for our drone designs. - Over the last 2 years, we have sold 15-18 big drones and 20-22 small drones to the Govt agencies. - We have tender from an agricultural university in Rahuri to develop more drones for them. - We purchase spare parts from different vendors and assemble at our facility. - Each drone cost between INR 1 to 6 lakh depending on the model. - Planning to import spare parts from Germany, China and South Korea to reduce the cost. - Business owns the equipment, furniture, spare parts, computers and website.

- Business sells postpaid connection for Airtel and Idea. - We have our offices in four different location in Maharashtra. - We have tie ups with an agency in Mumbai to file GST application for clients. - 80% of our revenue is generated from the commission we get selling these services. - Promoter has been working in this industry for more than 5 years now.

- Microfinancing company promoted by a group of accomplished individuals with nearly 120 years of cumulative experience in running financial services. - Lends to women entrepreneurs in the low-income category. These women are typically equipped with skills to take up sustainable micro-businesses, and access to timely funds is transforming lives. - Have 80,000+ cumulative loan members (all women) with a 99 % on-time repayment rate. (Due to Covid the current collection rate is around 85% + and is expected to reach 99% by the end of the year. ) - Has distributed INR 2,000 million+ (cumulative loans) and current outstanding portfolio of INR 500 million. - Has a model that enables a group of individuals (usually five) to take loans for income-generating activity by forming a group, wherein group members guarantee each other's loans. - Has own ERP system which gives adequate MIS data for - Capital Adequacy Ratio (CAR), Liquidity Risk Management, Interest Rate Coverage, Debt Equity Ratio and Reports relating to day-to-day activities of branches. - Approach post disbursement: Program monitoring and supervision: If required, providing the additional top-up loans. Women entrepreneurs are covered by microinsurance. - Loans ranging from INR 20,000 (USD 300) to INR 60,000 (USD 900) with up to 24 months repayment duration and monthly EMI and 22% rate of interest. - Have a license from RBI for micro-financing.

- The business specializes in the retail, sale and distribution of bicycles, tricycles, e-bicycles, fitness equipment and battery operated children's toys. The business primarily deals with the sale of bicycles. - Distributor of bicycles for popular brands such as Hero Cycles, Hercules, TI Cycles, BSA, Montra, SK Bikes (Gang and Huge brand). - Sell over 1,000 cycles per month through off-line retail and wholesale operations and 100 cycles (approx 10% of volume) through e-commerce retail sites like Amazon. The business also sells around 15 e-bicycles and 10 fitness equipment (Hercules brand) per month. - At present, the business has decided to suspend sales through Amazon and develop its own website. The company website is not live currently. - The price of a bicycle ranges from INR 2,500 to INR 14,000. The sales are more concentrated on the lower priced bicycles. - Have 4 primary suppliers for our bicycles. - The business maintains 1,000 bicycles in inventory at any given point of time. - Have a credit period of 21 days to repay suppliers. Due to the COVID-19 pandemic, the business' suppliers wants to reduce the credit period.