Education Loan | Madhya Pradesh
Thoudam Tababi Devi is the proprietor of a petty shop in the village of Malam Tulihal. The village is located in the scenic West Imphal district in Manipur. Fourteen years in the business has helped Tababi Devi sharpen her business acumen and build her customer base. Although the shop is held together with just asbestos and wood, it is a sturdy little place that has served her well over the years.
Her husband Manoranjan works as a clerk in Allahabad Bank but also pitches in by helping her maintain the shop’s accounts. Thanks to their hard work and perseverance, the couple has seen their young son through kindergarten and into primary school.
Incomes tend to be lower in rural areas and this naturally affects the people’s buying power. Purchases are always careful and limited to essential items. This, in turn, affects small shops like Tababi’s which see fewer sales on a day-to-day basis.
Owing to this, she needs help periodically to sustain and expand her business but refrains from approaching local MFIs as the high rates of interest have always been a deterrent. It was only when she learnt of Rang De that she began to take loans for the shop.
Three microloans later, Tababi’s shop is been doing well and her income has witnessed an increase. Her previous monthly earnings which stood at Rs.5000 have increased to Rs.7000. Out of this, she deposits Rs.500 every month in her account at the Bank of Baroda.
Tababi Devi is a keen businesswoman and believes there is scope to improve her business still further. She hopes that next time round, she can raise working capital to the tune of Rs.30000 to invest in her petty shop. We hope that her plans come to fruition so that she can thrive as an entrepreneur.
Thank you for extending your valuable support to Tababi Devi. If you would like to help other women from Manipur, please click on the link.
Thoudam Tababi is a petite, young woman from Malam Tulihal in Manipur. But let her short stature not fool you for this lady is a proud businesswoman with big dreams twinkling in her eyes. After a successful loan transaction from Rangde, Tababi was successful in opening a petty shop in her village. This created a new hope and comfort for the villagers, who before this had to travel to far away places to purchase daily essential items. Her monthly income of 1500, along with her businessman husband's income of 26,000 makes just survival possible. Of lately, Tababi has noticed some stock which needs to be updated in her shop in order to compete against other such shops in the locality. She wants confectioneries and bakery items to serve to her customers with tea, wants to stock up on toiletries, candles, match boxes, eggs, etc. for her customer's comfort and to attract potential buyers. For this business expansion, she needs a loan of 15,000 for a period of 15 months. With over 15 years of experience, invest in this confident woman's business to help secure the future of one more family of India
Evaluated 856 days ago by Sonali Chakraborty
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