Asking Price | 20 Lacs |
Turnover | 15 Lacs |
Legal Entity | Private Limited |
Category | Financial Services |
Sub Category | NBFC |
Business Listed By | Business Owner |
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.
2022
5
Running
Yes
Leased
N.A
N.A
Yes we have some competition
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.
Very High
Funds issue
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Asking Price | 20 Lacs |
Turnover | 15 Lacs |
Legal Entity | Private Limited |
Category | Financial Services |
Sub Category | NBFC |
Business Listed By | Business Owner |