Listing Details : LB-14569

Asking Price 20 Lacs
Turnover 15 Lacs
Legal Entity Private Limited
Category Financial Services
Sub Category NBFC
Business Listed By Business Owner

Overview

A running Micro Finance Company in Sitapur, UP, is available for sale or seeking a joint venture (JV) partner. Established 1.5 years ago, the company provides loans to startup companies and small businesses. The microfinance sector is gradually evolving into a banking-like model, with clients increasingly seeking larger credits to scale up their economic activities. With the Reserve Bank of India's (RBI) new higher Capital Adequacy Ratio (CAR) norms, microfinance institutions (MFIs) need additional capital to meet growing client demand. The company's loan offerings start from Rs. 1.5 lacs. The business is seeking funds for expansion, aiming to open more branches or is open to a full sale.

Year of Establishment

2022

No. of Employees

5

Current Status of Business

Running

Business Relocatable

Yes

Property Type

Leased

Rental per Month

N.A

Describe Property

N.A

Competition / Market

Yes we have some competition

Products & Services

the company provides loans to startup companies and small businesses. The microfinance sector is gradually evolving into a banking-like model, with clients increasingly seeking larger credits to scale up their economic activities.

Growth Potential

Very High

Reason For Sale

Funds issue

Financial Details

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