Suma Mahadevaswamy

Cloth business | Hullahalli, Karnataka

Loan Amount Given

Rs.25000

Status of Loan

Repaid

Field Partner

VILD

New Beginning For Suma Mahadevaswamy

Suma is a rural entrepreneur who has taken a microloan to invest in her garments business, an enterprise she jointly runs with her husband. The income they earn is enough to manage household expenses and send their children to school. Buying a new stock of garments has not been a problem thanks to the change makers who contributed to her loan. Affordable credit is important for rural businesses to grow and thrive.

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About Suma Mahadevaswamy before Rang De Loan

Suma Mahadevaswamy, a 33-year-old businesswoman from Hullahalli in Karnataka lives with her two sons and husband. Her husband, a coolie by profession, earns an annual income of Rs 24,000. Suma goes from door to door selling sarees, dresses and kids clothes. She works for over 6 hours every day to earn Rs 3,000 at the end of the month. She has been carrying on this business for five years now and is aware of the likes and dislikes of the people in her localty. 

Suma is hoping to increase her income and is convinced that it is the right time to expand her business. She plans on purchasing a larger stock of different clothes and selling them from door to door. With upcoming festivals, this expansion will definitely be a profitable one for Suma and she is excited about the prospects. A lack of working capital is stopping Suma from purchasing a stock of garments and she seeks your help for the same. 

Suma has applied for a Rang De loan of Rs 25,000 with which she plans on purchasing a stock of garments. Please consider helping Suma expand her business. 

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Evaluated 938 days ago by Rang De Team

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