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Personal Loans Company Seeking Loan in Kochi, India

Nidhi company accepting deposits, providing loans to individuals in Kerala against small collateral, especially gold.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Public Limited Company
Reported Sales USD 12 thousand
Run Rate Sales USD 140 thousand
EBITDA Margin 15 %
Industries Personal Loans
Locations  Kochi
Local Time 1:18 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 10.0% annual interest, 10 years (Native Currency: INR 5,000,000)
Reason: To give out more loans to customers.
Collateral Available: USD 0
Includes physical assets worth USD 5 thousand
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Business Overview

Nidhi company run & managed by ex-bank official with more than 20 years of industry experience. Provide loans to individuals against small security, especially gold. Each loan offered is for a short term, up to a year and we charge an interest rate of 15-20% annually. We receive interest every 3 months from customers. Kerala is a huge market for us and we project turnover of INR 10 crore in 5 years.

Company operates from a rented facility in Kochi and we own 3 computers and a few furniture.

Products & Services Overview

Providing personal loan with 15-20% annual interest.

Assets Overview

We have a deposit of 1 crore.

Facilities Overview

Furnished office of 200 sq ft on rent.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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