Microfinance Company for Sale in Manila, Philippines

- Microfinance business that lends to small businesses, and gives personal loans.

- Started during the pandemic with 300 customers.

- Now we get almost 50 customers every month with the help of freelance agents.

- We charge an annual interest that ranges between 20-33%

- The term of the loans is mostly 6 months.

- Default rate of 3-5%, and these are mostly delays. All lendee repay their loans at the end of the day.

- Complete client verification and membership with 2 of the country's biggest credit registries.

- The company has full access to the borrower's repository of credit information and services.

- There are 5 owners in the company with a varied split of ownership. 2 of the owners passed away in the pandemic.

- There are no loans in the name of the legal entity.

- Buyer gets the legal entity, licenses, and client list.

- We started with our own capital and do not collect deposits. Now loans are disbursed for the company's corpus.

- The total sales have dipped a bit as we have reduced the ticket sizes of the loans for the past few months.

Business loans, personal loans, and employees' salary loans.

Loans Receivables, Physical Asset, Client Database, Access to Credit Registry Bureau.

Transactions are done online and via our physical office in the Southern part of Metro Manila and Luzon region.

We are funded via our own cashflow from shareholders' capital. We have an outstanding loan obligation of $3,000 from a government body that helped SMEs during the pandemic (0% interest). No investors, all are owned by 5 shareholders (family corporation).