Micro Finance Company Raising Funds In Betul
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About Business
The Company is based in Betul, Madhya Pradesh, with operations focused on Betul and surrounding areas. The company’s primary business is providing loans in various forms, including gold loans, personal loans (for government employees only), mortgage loans, and loans against property, with a focus on short-term lending through online consumer finance.
In 2023, the company launched a mobile banking app to offer online loan services to subprime and near-prime consumer segments, enabling fully digital operations. The company has processed over 857 loan applications and disbursed more than 615 loans, with a total value of approximately ₹1.75 crore.
Business Model – Product Range:
- Gold Loan
- Personal Loan (for government employees only)
- Mortgage Loan
- Loan Against Property
- Savings Account
- Recurring Deposits
- Fixed Deposits
- MIS Account
Value-Added Solutions:
24/7 operations
- Fast and convenient services
- Technology-enabled processes
- Positive customer feedback
Clientele type
The clients are Individuals seeking small to medium-sized loans.
Premises
LEASED
Lease per month (in INR): 7.00 K
Security Deposit (in INR): 0.00
Carpet Area: 450 sq ft
The business operates from rented premises spanning 450 sq. ft. in Betul.
Asking Price Includes
The terms of the transaction will be discussed with the potential investors.
Asking Price
INR 7.00 Cr
Minimum ticket size
INR 3.00 Cr
Reason
The owner is looking to raise funds to expand operations and open additional branches.
More Details
The company is supported by a team of 5 employees.
Keywords
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₹10 to ₹200 Cr
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