The business is a Micro Loan franchise with low capital outlay and with great potential.
The setup cost is $ 270
The Startup is the rest this is to start lending out.
Included in the price is:
- Registration of your business with the National Credit Regulator
- Business registration with CIPC
- Drafting of NCR related Policies & Procedures required for
compliance - Access to Industry Leading Loan Management Software solution
- Setup of Social Media marketing platform and adverts
- Registration with Debit Order facilitator
- Integration with Credit Bureau
- Ongoing Support from people with over 10 years of experience
in
the lending industry.
The Micro Finance industry in South Africa is estimated to be R50
billion. Studies have shown that only 6% is loaned to small businesses
while the rest are consumer personal loans which are mainly used
to
buy food and to pay off old loans.
The business takes +- 5 weeks to start en setup as you must get registered with the NCR. after that you start
The last year i had a very bad year, emotionally and financially. During this period i came across a business that i previously looked at and not pursue. I have the opportunity to do it again and decided I would go for it. Unfortunately I lack the funding to start.
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