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Microfinance Businesses Seeking Loan in Varanasi

Results 1 - 3 of 3 - Microfinance Businesses Seeking Loan in Varanasi. Lend to a Microfinance Business.

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Microfinance Company Seeking Loan in Varanasi, India

Microfinance company based in Varanasi is searching for a business loan.
- Business uses systematic processes, technology and training to help ensure it offers quality service to our borrowers. - Business gives loans for poor women ranging from Rs. 2,000 - Rs. 20,000. - Promoters have 3 years of experience in microfinance.
7.5   Varanasi
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
USD 60 K at 12%
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Microfinance Company Seeking Loan in Varanasi, India

Microfinance business in Varanasi providing loans to rural communities is searching for a business loan.
- Operations are in Varanasi and Mirzapur districts. - Directors have 20+ years experience in banking and microfinance.
6.0   Varanasi
Run Rate Sales
Nil
EBITDA Margin
4 %
Business Loan
USD 60 K at 12%
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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.
7.1   India , Varanasi
Run Rate Sales
USD 1.5 million
EBITDA Margin
7 %
Business Loan
USD 600 K at 12%
Contact Business

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  • How many microfinance businesses seeking loan in Varanasi are listed on SMERGERS?
    There are 3 active and verified microfinance businesses seeking loan in Varanasi listed on SMERGERS as of 09 August 2022.
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