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ONGOING PROJECTS
These are the projects that have been screened by our team of analysts and are in the market for funding.
Rating: B
Annual Interest Rate: 12.00%
Loan Term: 1 years
Moving around is quite easy in Mauritius, The transport lines are for the most part well served. Deo Sharma Suklal, through his company Goloka Express Transport Ltd, operates a bus serving the busy line of Goodlands-Port-Louis. Every 100,000 km, a servicing must be done on the bus and he is raising MUR51,000 at 12% over 12 months to do so.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 2.5 years
Heerasagar Unmole has 25 acres of land with hydroponic greenhouses where he cultivates fruits and vegetables. He is raising MUR500,000 at 13% over 2.5 years (30 months) to build a new greenhouse as he wishes to increase his production to meet growing demand.
Rating: B
Annual Interest Rate: 12.00%
Loan Term: 2 years
Steeve Dupré is a cargo surveyor and offers an additional service to individuals and companies, namely, the sale and transformation of containers.
His company, Steeve Dupré Surveyor Ltd, is raising MUR1,000,000 at 12% over 24 months to serenely honor the demands for transformed containers.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 1.75 years
Working with wood requires perseverance but also dexterity. Bryan Narraidoo started his business, Bry Furniture Deco, in 2006 and he designs and manufactures interior furnishings: beds, wardrobes, cabinet cupboards, flush doors.. He has as at today a full order book and some interesting projects in the pipeline; 40 villas to furnish in Grand Baie. In order to acquire more sophisticated equipment and be efficient and quick, he is raising MUR300,000 at 13% over 21 months.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 2.5 years
Devina Burun, the founder and managing director of Summerside Tots Nursery and Pre-Primary in Quatre-Bornes, strives to make this period a moment of learning and joy. Founded in 2007, the English medium school caters to children from three months to five years of age. The resumption of the school after the lockdown put a lot of pressure on the school administration. The school had to follow Ministry’s requirements and redesign the classrooms. They also had to buy protective equipment and install water points in each room. For capex purposes, Devina Burun is raising MUR 275,000 at 13% over 30 months.
Rating: B
Annual Interest Rate: 12.00%
Loan Term: 1 years
Henna designs, also known as ‘mehendi’ are very popular in Mauritius. The dexterity and creativity who are at work are a real pleasure for the eyes. Kawshar Dhapal-Laprovidence is a henna artist who designs patterns on hands and forearms and she also designs on objects such as glass and wood. She is raising MUR50,000 at 12% over 12 months to acquire products and equipment.
Rating: B
Annual Interest Rate: 11.00%
Loan Term: 1.5 years
Soonita Mahadea operates closely within the construction and transport sector. Her main activity is the transport and supply of spoils “Grabeaux” for infrastructure and landscaping projects. Soonita is also involved in land clearing and cleaning, an essential part of real estate development upon which a solid foundation is made. Soonita Mahadea is raising MUR500,000 at 11% over 18 months as cash flow requirement to ensure the smooth running of operations
Rating: B
Annual Interest Rate: 12.00%
Loan Term: 1 years
SS Beauty Boutique, a beauty parlour in Pointe aux Sables, is known for the vibrant personality and professional service of its owner, Stéphanie Savanian. She is raising MUR50,000 at 12% over 12 months to acquire equipment and products as she is expanding her services.
Rating: B
Annual Interest Rate: 12.00%
Loan Term: 1.5 years
Mauritian cuisine would not be what it is without a pickle that enhances the taste of spices in a dish. Cindy Larose runs Chez Mami Mon Ventre a Faim since 2006 and she proposes original blends of pickles; green grapes, margoz-bomli (Bombay duck), mango-salted fish among others. In order to replenish her stock of glass pots and ingredients, she is raising MUR75,000 at 12% over 18 months.
Rating: B
Annual Interest Rate: 12.00%
Loan Term: 1.5 years
Vijendra Ramsarah runs a gas depot in Baie du Tombeau. He supplies gas cylinders to domestic and industrial clients. He has a delivery service that meets the highest safety standards when delivering to individuals, hotels and restaurants. He wishes to buy 140 gas cylinders and also improve his working capital. For this, he is raising MUR300,000 at 12% over 18 months.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 2 years
Udishsingh Joygopaul is an entrepreneur who runs his own business. He has a contract for the “Fiber to the Home Project” from Mauritius Telecom and is paid as per the number of installations done. Mr. Joygopaul is raising MUR250,000 at 13% over 24 months to buy a new splicing machine and a 2X4 in order to have sufficient equipment to constitute a second team.
Rating: B
Annual Interest Rate: 12.00%
Loan Term: 1 years
Petopia Ltd is a one-stop shop for high-quality food, dietary supplements and quality accessories for pets. Although many food brands for pets have been introduced on the local market over the years, none have matched Petopia’s quality and affordable pricing. Petopia Ltd is raising MUR600,000 at 12% over 12 months to finance a 40ft container to replenish their stock as they are opening another outlet soon.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 1 years
Valfit Supplies Limited, incorporated in 2017 provides sophisticated solutions to individuals and companies concerning various water-related issues.
Their expertise was retained by the government for the installation of rainwater harvesting systems in 67 primary and secondary schools. They are raising MUR600,000 at 13% over 12 months to finish the installation of these systems.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 1.5 years
Mr. Gopaul and his wife run La Balise Filling Station, situated on the West coast. Their main clients are the residents of La Balise Marina and people living in the Tamarin and Black River area. La Balise Filling Station is raising MUR750,000 at 13% over 18 months in order to fill up the fuel tanks.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 1.5 years
Sebastien Rabot is a fishmonger who gets his supplies directly from fishermen. He has one outlet in Rose-Hill and also offers a home delivery service. He is raising MUR100,000 at 13% over 18 months to buy a freezer and a chiller to have sufficient stock available to meet the growing demand.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 2 years
Joe Cold Storage is a family business in Trou d’Eau Douce, where they sell chicken, meat and seafood. Their products are appreciated by their clientele as they hold a guarantee of freshness. They are raising Mur500,000 at 13% over 24 months to renovate and extend their outlet as in 5 years they grew from 2 freezers and 1 chiller to 7 freezers.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 2 years
Arts des Iles is specialised in aluminum, stainless steel and wrought iron products. It offers false ceilings, gates, balustrades.The company has several projects in the pipeline and more to come. They are raising MUR500,000 at 13% over 24 months for the acquisition of raw materials for their future projects.
Rating: B
Annual Interest Rate: 12.00%
Loan Term: 2 years
Dimsums are one of the favourite dishes of Mauritians. Either in salads or in soups, they represent the diversity of our foodscape.
Melken Foods Ltd, operating under the trading name Ken’s, has two outlets where they sell dimsums and fried noodles. They are raising MUR300,000 at 12 % over 24 months for working capital purposes.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 1.5 years
Can you feel the buzzing Desforges Street in Port-Louis? Nestled there, Magasin Rampoortab sells tailor-made suits, wedding outfits, shirts, and trousers... He is raising MUR215,000 at 13% over 18 months to finance the orders made from India and China.
Rating: B
Annual Interest Rate: 13.00%
Loan Term: 2 years
Mungly Metal & Services is raising MUR500,000 at 13% over 24 months to make a deposit for the acquisition of 4X4 to deliver finished works. The funds will also help them to buy more equipment as the orders are growing rapidly. Support this project as SMEs are the backbone of our economy.
