‘LIFE-CHANGING PARTNERSHIPS’
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 any collateral to be able to borrow money. She was introduced to Muthoot FinCorp by a relative and was excited to know that the organisation gives ‘non-collateral’ microfinance loans. She soon joined a JLG and availed a first cycle micro finance loan of ₹30,000; and used the entire amount to fill her stall with an ample variety of products. This substantially increased her earnings
