Becoming a successful entrepreneur
Parwati Devi from Sharda nagar in Purnia district of Bihar has struggled a lot in her childhood, and hence, she was determined to ensure that none of her children should endure the hardships she did growing up.
Before associating with Muthoot Microfin, Parwati worked at an electric shop and later started her own shop but without much success. Sales at the small-scale electric shop were dull, and it barely turned profitable. However, she was confident that, she can turnaround the business if she could invest more money.
Meantime, she was introduced to Muthoot Microfin by a friend and immediately joined a neighbourhood JLG after understanding the organisation’s simple loan procedures. The company offered Parwati, not only finance but also financial literacy and business acumen trainings she needed to flourish as a businesswoman.
The training and capital equipped her with the tools and skills to build a sustainable and profitable enterprise. In just six months Parwati was able to grow her business and now supplies electrical items to other smaller shops in the town. Her shop is now well-stocked, she employs two neighbours, and her husband has also joined to support the operations.
Parwati is now on her second cycle loan of ₹45,000 and has almost tripled her weekly earnings to ₹6000 now from ₹2000 at the start of the loan. Her success has transformed the lives of not just Parwati’s family, but also her employees and their families. She now plans to send her children to better educational institution so that they can reach their full potential and achieve their dreams.
Parwati Devi says “I never imagined getting a fast and hassle free loan with proper business training that could change my life for good; I would like to continue my association with Muthoot Microfin for my future business expansions and would recommend the company to all who wants to succeed in their life”.