“PERSEVERANCE, HARD WORK PAYS OFF”
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 Muthoot Microfin subsidiaries of Muthoot FinCorp from one of her neighbours. Impressed by Muthoot Microfin’s simple and effective operations mode, Mahalakshmi joined a Joint Liability Group and availed the first cycle micro finance loan of ₹15,000 in quick time. With the money, she bought in more household items and filled in the shop. Her sales increased gradually and steadily with the introduction of plastic chairs, tables, mats, mops etc into the shop.