Micro Finance

41 year old Ambika Chitravani, a traditional weaver from the locality was also forced to try other options as her family, consisting of her husband and three children, struggled to make both ends meet with the paltry income from weaving. She had earlier availed a micro finance loan from a local micro finance company but that wasn’t enough for a start. She then approached many banks and other micro finance companies for the capital but all of them denied her ...

Thirty-year-old housewife turned entrepreneur Bismi M from Thenkasi in Tamil Nadu greets customers with a bright smile at her fancy shop. The mother of two children runs her shop in Paraiyadi street, Thenkasi with microfinance loans from Muthoot Microfin subsidiaries of Muthoot FinCorp. Her sales skill along with a variety of items at the shop helped her business to achieve success to an extent that she pays for rent, household expenses and school fees for her children. A friend of ...

Deepa Udayakumar, a 34-year-old housewife from Vellakkamurani in Palakkad district of Kerala has been associated with their family run soda making business for decades. Five years ago, Deepa decided to start her own venture, but to break into a market which requires some capital investment; she needed to find a suitable micro finance company and an innovative approach to production. Deepa wanted to be a small, artisanal producer with the ability to experiment and make changes to her products to ...

Devi is a 32 year old woman entrepreneur, living in a remote village called Kovaipudur in Coimbatore. She and her husband are fruit vendors in the nearby market. A couple of years back, the family expenses began to increase and they faced frequent financial difficulties. In fact, Devi has been doing the business for many years, but due to lack of financial management skills and borrowing money from local lenders at high interest kept her burdened without savings. At that ...

I am Dhanalakshmi from Thirunellai in Palakkad, a 44-year-old mother of two children, believes that determination and perseverance are the key drivers of success. Ten years ago, me and my husband started a family business of making crispy bakery items at home. Unfortunately, a few years later both became ill and were unable to continue the business. At that time, I learned about Muthoot Microfin subsidiaries of Muthoot FinCorp from a friend and decided to avail micro financing loan from ...

Gangamma, the 48-year-old housewife turned small time street vendor, from Kunigal in Tumakuru district of Karnataka has been associated with Muthoot Microfin subsidiaries of Muthoot FinCorp for over a year now. Earlier, she always found it difficult to fill her racks with enough items resulting in less cash flow from her business. Gangamma was looking for a small micro finance loan to raise working capital but had never worked with any micro finance company or banks, as she never had ...

For the last 3 years, Geetha from Anikode in Palakkad district of Kerala along with 3 other women from her neighbourhood successfully runs a canteen at Palakkad municipal premises with the support of Muthoot Microfin subsidiaries of Muthoot FinCorp. Geetha and colleagues’ drive to own a small-scale canteen business didn’t just come out of their passion for cooking but came from necessity. With the support of Muthoot Microfin, Geetha and company didn’t have to look far when they decided to ...

For the last 6 years, Kaleeswari from Virudhunagar district in Tamil Nadu has been running a small shop near her home for internet browsing, photostat, printing and with sales of office stationaries, but only with a nominal income for the first 3 years. However, her association with Muthoot Microfin a subsidiaries of Muthoot FinCorp three years ago changed things for good for the housewife turned micro entrepreneur with Muthoot FinCorp micro financing. She availed her first microfinance loan of ...

Sridevi E from Kancheepuram in Tamil Nadu holds the true spirit of an entrepreneur as she runs a successful tailoring unit near her home. Five years ago, the 36-year-old housewife overcame the hurdles of poverty by starting her own tailoring unit besides her home. She used to earn an average of ₹ 150 per day which wasn’t enough for the family of five including two growing children. Luckily for her, she was introduced to a Relationship Officer of Muthoot Microfin ...

Forty-six-year-old Shylaja from Keerikkadu near Kayamkulam is one among them. In Alappuzha district, women are employed in various stages of coir production, right from the peeling of coconut husk to the making of ropes from fine fibre. Much of the rope-making work done by them was on rudimentary spinning wheels because they were unable to buy new mechanised machines. Shylaja in order to raise enough money to buy machinery approached a local micro finance company. However, lenders either demanded for ...

Subaida Mohammed Ali, aged 41 years is a resident of Thenkara, in Palakkad District of Kerala. Her family consisting of 7 members were dependent on her husband’s paltry income from daily labour. The pathetic situation forced Subaida to work hard on banana cultivation. Now, Subaida has set herself as a role model for the cash-strapped farmers in the region thanks to her association with Muthoot Microfin subsidiaries of Muthoot FinCorp that helped her to optimum resource utilisation. She wasn’t aware ...

Pallavi Ganesh Jivankar is a 30 year old woman entrepreneur from remote Nagpur. After marriage and giving birth to twin sons, she wished to earn something of her own and provide good education to their growing children. but, she was confused about what business to do. After discussion with her husband, they got an idea of opening a stationery shop. It turned out to be a good idea, at first her husband helped with some investment. One year later she ...

For the past 15 years, Syedali Fathima, a 37-year-old housewife turned shopkeeper from Thenkasi, Tamil Nadu, runs a small shop near her home with just enough earnings. However, since her association with Muthoot Microfin subsidiaries of Muthoot Fincorp 2 years ago, Fathima was introduced to Muthoot Microfin by a friend and joined a JLG at her neighbourhood as she was impressed by the organisation’s simple and hassle-free procedures. She used the first cycle Micro finance loan of ₹10,000 from that ...

I am yajanthi from Mugapur West near Chennai in Tamil Nadu a few years back, I had been running from one bank to another hoping to get a small microfinance loan for the expansion of my business but everyone turned me down as I have nothing to provide them as collateral security. I thought my dream to start a small provisional store in our area will never come true until I was introduced to Muthoot Microfin subsidiaries of Muthoot FinCorp ...

Mahalakshmi A, dwelling at Kosapalayam in Pondicherry is a successful micro entrepreneur managing a small ‘household items’ store in her village. However, her journey to success wasn’t a cake walk. Until 3 years ago, Mahalakshmi’s husband Arumugam – who is a driver, was the only earning member of the family, and his income was too small to maintain the family consisting of two college going children. She was searching for a dependable micro finance company and came to know about ...

I am Girija Mohan from Parakodu, a small village in kerala’s Pathanamthitta District. Girija had tried to open small businesses in the past to earn a living but failed mainly due to lack of capital investment. However she never lost her confidence as she knew her talent in painting and artistry could be utilized to make some earning for her family, but the capital investment to start even a small venture remained an obstacle in front of her. The scenario ...