Businesses Seeking Loan in Palakkad

- 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.

- We are dealer and service provider of automation and control projects. - We go to a client, understand their requirements, get the products and then design and set their automation system up. - We get our products from Sensinova, Schneider, Radix, Selec, GE, L&T, Rishabh, Masibus, Nivelco etc. - We have successfully fulfilled projects for NTPC and Milma. - One of our short term goal is to get enrolled in Vendors list. Companies like Bharat Petroleum Corporation Ltd - Cochin, Cochin Shipyard and Central Marine Fisheries Research Institute - Cochin. - The jump in sales is because we are finding and developing continuously to grow our business. - Promoter has 15 years of experience in this industry.