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OR GROUP and Sberbank will offer loans to suppliers of the Westfalika marketplace
24.11.2021 436

OR GROUP and Sberbank will offer loans to suppliers of the Westfalika marketplace

OR GROUP and Sberbank signed a cooperation agreement, according to the terms of which the supplying companies of the Westfalika.ru marketplace will be able to obtain a loan of up to 3 million rubles for business development through the modern Selling trading platform, which the retailer launched at the end of 2019 to interact with partners.

On the basis of the Sell platform, the Westfalika.ru marketplace and the network of retail and service outlets of the same name are being developed. The Selling trading platform unites more than 1000 suppliers of footwear, clothing, leather goods, household goods, children's goods, etc. (more than 100 thousand items of goods in total). OR GROUP provides partners with the opportunity to sell goods both on the Westfalika.ru online platform and in the retail network of the same name, which has more than 600 of its own stores throughout Russia.

The size of the credit line from Sberbank reaches 3 million rubles. The grace period is 30 days, after which the loan is provided at a rate of 1,5% per month. The credit can be used by existing sellers of the marketplace, working as individual entrepreneurs and LLCs, with revenues of up to 400 million rubles per year. To receive funds, you need a current account with Sberbank, which can be opened online. All information about the terms of lending is presented on the main page of the "Sell" site.

“A loan with a grace period of 30 days will allow small companies to quickly receive funds for the purchase and production of goods, and at the same time not pay interest if they return the loan within a month. After this period, interest will be charged only on the part of the limit that the seller has used. We hope that such a tool will help entrepreneurs accelerate the development of their own business, ”comments Tatyana Galkina, Chairman of the Siberian Bank of Sberbank.

OR GROUP (Obuv Rossii) began to implement an updated business strategy and began to interact with suppliers based on the marketplace model at the end of 2019. In 2020, the company transformed its retail format (the network of retail and service outlets under the Westfalika brand numbers 789 objects in 313 cities of Russia), now the company's stores operate as universal outlets. OR GROUP has also significantly improved the westfalika.ru online platform and mobile application, adding new functionality. In total, over 4 million partner products have been sold during the marketplace's operation. According to the results of 9 months of 2021, the marketplace's revenue doubled and exceeded 1,4 billion rubles.

In 2020, the group's revenue amounted to 10,8 billion rubles, net profit - 0,6 billion rubles, EBITDA - 2,3 billion rubles.

OR GROUP and Sberbank signed a cooperation agreement, under the terms of which the supplying companies of the Westfalika.ru marketplace will be able to receive a loan of up to 3 million rubles for business development through a modern ...
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