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Finance Businesses Seeking Loan in Visakhapatnam

Showing 1 - 2 of 2 Finance Businesses Seeking Loan in Visakhapatnam. Lend to a Finance, Financial, Bank, Investment Bank, Fund Operator, Financial Market Operator, Shell Company, Consumer Lending, Property & Casualty Insurance, Life & Health Insurance, Reinsurance, Corporate Financial Service or a Financial Distributor Business.

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  • Visakhapatnam

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Microfinance Company Seeking Loan in India

Microfinancing business lending to 80,000+ women entrepreneurs in the low-income group across India.
- 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.
8.1   India
Run Rate Sales
USD 1.4 million
EBITDA Margin
7 %
Business Loan
USD 600 K at 12%
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Consumer Lending Business Seeking Loan in Visakhapatnam, India

Well established firm providing automobile finance and have served 5,000+ customers till date.
- We are in the business of automobile finance. - We have tie-ups with multiple NBFCs like Shriram Transport, Hinduja Leyland and Fortune Integrated Assets. - We have served 5,000+ customers till date and are also associated with Hero, Ape-Piaggio, Bajaj and Suzuki showrooms around the city for two wheeler and three wheeler financing. - We generate revenue through the interest rate difference offered by NBFCs to our customers. - Promoter has a business experience of 18 years and also runs a construction business.
5.7   Visakhapatnam
Run Rate Sales
USD 300 thousand
EBITDA Margin
10 %
Business Loan
USD 60 K at 15%
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  • How many finance businesses seeking loan in Visakhapatnam are listed on SMERGERS?
    There are 2 active and verified finance businesses seeking loan in Visakhapatnam listed on SMERGERS as of 28 March 2024.
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