Finance for small Entrepreneurs
Mission and objectives
Our Microfinance line of business will be conducted by SBM Microfinance Ltd, a wholly-owned subsidiary of SBM (NBFC) Holdings Ltd
SBM Microfinance Ltd intends to closely connect with potential Microfinance clients amongst the economically and socially most vulnerable groups with annual turnover less than Rs2M, in order to accompany, support , and assist, them , to accede to specially designed financial products and services and become self-employed income earners.
The ultimate objective is to come to the financial rescue of small entrepreneurs, create wealth at the bottom of the pyramid and thus empower them to become financially self-sufficient and stand on their own feet over the years.
• SBM Microfinance Ltd (the “Company”) incorporated as a Private Domestic Company under Company No: 142037, with its registered office at Queen Elizabeth II Avenue, SBM Tower, Port Louis. The Company is a wholly-owned subsidiary of SBM (NBFC) Holdings Ltd
Micro insurance products/services especially designed to mitigate different types of risks, such as agricultural / health/theft /cattle disease/flood /life cover of entrepreneur etc.
Other flexible terms and conditions will be communicated soon
Short term capital on revolving basis to meet working capital needs such as purchase of raw materials or building stock of goods through import /local purchase
Term Loan up to 4 years to meet capital expenditure (acquisition of business premises, interior set up, tools etc.) Relatively longer tenor can be considered based on merits /collateral applicant can offer/ cash flow trends
Purchase of vehicles/productive assets (machinery and equipment ) to help enterprise to improve both quality and quantity of production
- Mr. Shailendrasingh Sreekeessoon, Director
Key staff members :
1) Mr Bye Samah Ghoora, Head of SBM Microfinance Ltd