Businesses Seeking Loan in Davangere

- Our company specialises in manufacturing specialised precision competes for its clients in the aerospace industry. - We provide a wide range of custom machining services, including CNC milling, turning, grinding, mechanical component design, 3D printing, laser cutting & engraving. - Our production capacity is 3 Lakh components per day. - Company assets include machinery, website, client database, raw materials, and stock. - We recently took over an existing watch movement component manufacturing company along with running orders from reputed clients. - Both the promoters are qualified Mechanical Engineers and have substantial experience in the field of manufacturing. - Our revenue has soared to an all-time high due to a large influx of clients we have received. Currently, we possess purchase orders worth INR 10 crores that are yet to be fulfilled.

- 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.