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Category : success stories

28 Nov 2019

TRUE SPIRIT OF ENTREPRENEURSHIP

Sridevi E from Kancheepuram in Tamil Nadu holds the true spirit of an entrepreneur as she runs a successful tailoring unit near her home. Five years ago, the 36-year-old housewife, overcame the hurdles of poverty by starting her own tailoring unit besides her home. She used to earn an average of ₹ 150 per day which wasn’t enough for the family of five including two growing children. Luckily for her, she was introduced to a Muthoot Microfin Relationship Officer at…

28 Nov 2019

HARD WORK ALWAYS PAYS DIVIDEND

For the last 6 years, Kaleeswari from Virudhunagar district in Tamil Nadu has been running a small shop near her home for internet browsing, photostat, printing and with sales of office stationaries, but only with a nominal income for the first 3 years. However, her association with Muthoot Microfin three years ago changed things for good for the housewife turned micro entrepreneur. She availed her first microfinance loan of ₹ 10,000 from Muthoot and invested in her store. The loans…

28 Nov 2019

SUCCESS FOLLOWS THOSE WHO PERSEVERE

Dhanalakshmi from Thirunellai in Palakkad, a 44-year-old mother of two children, believes that determination and perseverance are the key drivers of success. Ten years ago, Dhanalakshmi and her husband started a family business of making crispy bakery items at home. Unfortunately, a few years later both became ill and was unable to continue the business. The family experienced financial hardship, as they were unable to meet everyday expenses and children’s educational needs. Even after they recovered, they were unable to…

28 Nov 2019

DETERMINED TO SUCCEED

Thirty-year-old housewife turned entrepreneur Bismi M from Thenkasi in Tamil Nadu greets customers with a bright smile at her fancy shop. The mother of two childern runs her shop in Paraiyadi street, Thenkasi with loans from Muthoot Microfin. Her sales skill along with variety of items at the shop helped her business to achieve success to an extent that she pays for rent, household expenses and school fees for her children. Four years back, Bismi’s smile was not that bright.…

28 Nov 2019

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 for over a year now. Earlier, she always found it difficult to fill her racks with enough items resulting less cash flow from her business. Gangamma was looking for a small loan to raise working capital but had never worked with any financial institutions or banks, as she never had any collateral to be able to borrow money.…

28 Nov 2019

SHOP FILLED WITH HAPPINESS

For the past 15 years, Syedali Fathima, a 37-year-old housewife turned shopkeeper from Thenkasi, Tamil Nadu, runs a small shop near her home with just enough earnings. However, since her association with Muthoot 2 years ago, she was able to expand the variety of things in her shop resulting in increased earnings. Fathima was introduced to Muthoot by a friend and joined a JLG at her neighbourhood as she was impressed by the organisation’s simple and hassle-free procedures. She used…

11 Nov 2019

Muthoot Microfin signs MoU with Indian Bank

Muthoot Microfin has signed a memorandum of understanding with public sector Indian Bank on 8th November to serve micro, small and medium enterprises. As per the memorandum of understanding, Muthoot Microfin and the bank will jointly lend to the MSME borrowers. Indian Bank general manager-MSME Sudhakar Rao exchanged documents with Muthoot Microfin deputy CFO Praveen T in the presence of the bank’s managing director and CEO Padmaja Chunduru.

14 Nov 2018

MUTHOOT MICROFIN RECEIVES ET CHAMPIONS OF RURAL MARKETS AWARD

Mr Sadaf Sayeed receiving the memento from Mr Joydeep K Roy, Partner & Leader – insurance, PwC India. The Economic Times has recognised Muthoot Microfin by conferring Champions of Rural Markets Award during their Rural Strategy Summit held at New Delhi on 26th & 27th September 2018. The recognition was given for the successful work the company has done in the rural markets of India. Mr Sadaf Sayeed, CEO – Muthoot Microfin was also one of the panellists at the…

14 Nov 2018

MUTHOOT MICROFIN RECEIVES HR STRATEGY AWARD AT ASIA PACIFIC HRM CONGRESS

(L to R) Prof. Indira Parikh (Ex- Dean of IIM Ahmedabad) presenting the award to Mr Subhransu Pattnayak along with John Cherian (Head of Enterprise Sales – ADP India) Muthoot Microfin has been recognised with HR Strategy Award by the Asia Pacific HRM Congress. ‘The Asia Pacific HRM Congress Award 2018’ recognizes the best HR practices. The objective behind the award is benchmarking talent and HR practices. Mr Subhransu Pattnayak (Vice President – HR) received the award on behalf of…

23 Jan 2018

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. The situation forced Mahalakshmi to do something of her own to improve the financial…