Money lending business plan sample

micro lending business for sale

As time progresses, this avenue of marketing will become an invaluable resource for new business for the Hard Money Lender, Inc.

Using Prisma's specialization in taxi finance in this way drives penetration of the micro-credit market while still maintaining healthy profit margins.

An annual reception is held to thank customers and share what the organization is doing. Aside from business persons, the financial requirements of employed individuals in the locality are potential source of revenue. The micro lending and mortgage industry flows with a low level of capital intensity.

Business plan for microfinance company in india

Being primarily undertaken in rural communities, they are serviced usually by the informal money lenders Bombay or Indian national money lenders. These efforts led to a percent growth in Prisma's loan portfolio between The retired pensioners usually borrow around PhP 2,, per month for a term of around 6 to 12 months. Prisma's five years of profitable operations confirms the first assumption. In fiscal year , Prisma will relocate its Managua office to prepare for national and international expansion. A Central American target market analysis can be found in the appendices. Prisma's clients and investors are able to realize tremendous social returns precisely because the company is profitable. Good affordable furniture and a PC with the necessary money lending business software installed are important too. Moving higher, increasing product penetration and of course an expanding customer base is expected to drive growth in the industry. In the United States, the market for mortgages and hard money loan instruments is the largest consumer and commercial finance market. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. However, this difficulty is compensated by its ability to spread the default risk in having smaller but numerous loan amounts.

In addition to this technology, Prisma will also take advantage of technology being designed by groups like Hewlett Packard's World e-Inclusion team that is developing networked tools with the express purpose of making microlending more efficient.

It is also inexpensive.

business plan for microfinance company pdf

Therefore, relationship marketing like face-to-face communication and rewarding referrals has a much larger impact, not to mention lower acquisition cost. Increasingly, investors are realizing that there "is a correlation between good practices and good investment results" and are placing their money accordingly.

Either way, only those who have once tried it can obviously agree that money lending business is a very good one. Prisma has had discussions with major U. Investment toward scalability during these two years will begin to pay off in FY, when management forecasts a Customers feel valued and that they are contributing to economic development in their country.

payday loan business plan
Rated 6/10 based on 112 review
How to Start a Money Lending Business: A Detailed 3