Poor widow scripts success as entrepreneur with micro loans

Faridha Bee a widow fromManavalanagar in the Thiruvallur district has scripted a success story of transforming her economic status from a small scale beautician to a successful entrepreneur.

She started off with offering door to door services as a beautician in her locality.

The meagre income generated from her work was insufficient to cater to the needs of her growing children.

According to officials of Growing Opportunity Finance, the situation was grim until 2008 when she came across a client relationship officer of Growing Opportunity Finance in her area.

She became a member of Growing Opportunity Finance and received her first loan amount of Rs. 5,000.

She utilized the loan amount to rent a space and start her own Beauty Parlour.

She received skill development training by Growing Opportunity Finance that further helped her to expand her business.

With timely repayments, Faridha became eligible for high-value loans. In 2017, she received an MSME loan of Rs. 100,000 from Growing Opportunity Finance and started a cosmetics shop alongside her beauty parlour.

With the transition in the financial stability of Faridhabee’s family, she was able to provide education of repute to her children said Growing Oppurtunity Finance officials.

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