Another Success Story of Kasuri
Kasuri is a resident of Hirevankalkunte village, Koppal District where we have a branch. The village has 800 houses. Kasuri’s is a four member family with husband and two children. The eldest Chetan is 15 years and Ravikumar is 9 years old. Earlier to 2012, husband Virupakshi was working at a local eatery on daily wages. Kasuri was working as an agricultural labourer. In early 2011, Virupakshi left his job at the local eatery and opened a small road side tea stall due to irregular payments at the local eatery.
When the couple heard about Chaitanya, they applied for a loan to expand their tea stall into a small eatery. They got a loan of Rs. 12,000 which they used to rent a place and make the initial investment in their eatery business. Business did well, but the owner of place asked them to vacate after 6 months. In a year’s time, Kasuri took another loan of 25,000 from Chaitanya in July 2012. This time the couple took up land from the Panchayat on lease near the government bus stand and invested in setting up their eatery. At the new place, the business did very well. They employ 2 helpers on a daily wage basis in addition to both husband and wife working in the eatery. In early 2014, Kasuri has again taken a 25,000 loan from Chaitanya for further expanding their eatery business. Their family income has gone up from Rs. 3500 a month before they had their own business to Rs. 10,000 a month now after paying all their business expenses.
Prabhavati is a resident of Madan Bhavi village which is 8 km from our Kittur branch in Dharwad district. The village has 500 houses and about eighty percent of the households work as daily wage labourers at Kittur town and Dharwad city. Prabhavati’s is a five member family with husband and three children. The eldest son Omprakash is 18 years, he has completed his industrial training and has just got employment since Nov 2013 in a local industry and earns Rs. 5000 a month. He stays with his family and gives his earnings to his mother. Jyothi, daughter is studying in 12th grade and Deepa the youngest daughter is in 10th grade. Husband, Yesarappa is a daily wage earner who works in a local diary and earns around Rs. 3500 a month. The family does not own any land.
Prabhavati’s story shows us how, it takes perseverance to succeed at a microenterprise and how borrowers have to skillfully manage their finances to succeed. Earlier to 2011, the only source of income for the family was the husband’s and Prabhavati’s daily wage income which was around Rs. 5500 a month in total. Prabhavati was part of the government’s Self help Group (SHG) Stree Shakti Sangha program(this is part of the State Government’s Department of Women and Child Development) and the SHG group members were given exposure and training on starting a home based food industry. After getting the training, Prabhavati’s decided to invest in a chilli grinder machine. Around October 2011, she got a Rs. 15,000 subsidy from the government and a Rs. 15,000 loan through the SHG. She invested the money in the chilli grinding machine and commercial electricity connection. After starting the business, she realized that it was a seasonal business and her income was limited. After about a year and a half (around Feb 2013), she approached Chaitanya for a 15,000 loan to invest in a rice noodles making machine (popularly called Savige in Kannada). However, due to electricity problems, she had to invest in a diesel generator borrowing an additional Rs. 10,000 from her SHG. Her business improved from then. In Jan 2014, she again approached Chaitanya for further investment in her business, building some civil structure for her existing business, investing in a flour mill and items for a petty shop and borrowed Rs. 25,000. Although the number of machines and businesses look more, she did this to ensure that she would be fully occupied. Now she is fully occupied running her chilli grinding machine, rice noodles machine and flour mill based on seasonal demand as well as attending to her petty shop. She today earns Rs. 6000 a month after paying all her loan installments.
Rudramma - Hirevankalkunte Village
Rudramma is also a resident of Hirevankalkunte village. There are 5 members in her family, her husband and 3 children. Daugther, Rekha(22 years) and Gururaj(21 years) are both working in Bangalore after completing their Industrial Training course. Third son Manjunath(19 years) is doing his industrial training course. Husband, Devappa was employed as a driver until he met with an accident a few years back. As a driver Devappa was earning a monthly income of Rs. 5000. With the wage earnings of her husband affected, Rudramma had to look for employment to run their family. She took a 10,000 Rs. loan from Chaitanya in Nov 2010 and invested in a petty shop. Rudramma was also selling vegetables in the weekly village market. Once Rudramma knew that she would be eligible for another loan she planned to invest in a permanent vegetable selling business and in Dec 2011, she borrowed Rs. 20,000 from Chaitanya for this purpose. In the next year, 2012 she borrowed a further Rs. 25,000 and invested in a tyre repair shop at the same location which her husband would run. Since starting their business, their income has gradually risen from Rs. 5000 a month to around Rs. 10,000 today.
Success story of Maimunisa
Maimunisa K Jilan living in Mudukanakatte badavane and there are 3 members in her family- her husband and daughter. As Maimunisa and her husband is engaged in plastic business and daughter is doing primary study. This story tells us how borrower is successful if finance is managed skillfully.Maimunisa at the first time approached Chaitanya for ₹15000 loan with aim to start up a small business. This loan she invested in plastic business & by the time when she found gradual change in the income she borrowed another ₹35000 loan from chaitanya which she is eligible for .This money she invested for improving the existing plastic business and in purchasing the vehicle which carries all the items that helps to reach more consumers. This time she approached chaitanya with a big dream to open small shop at their living place by borrowing ₹50000 loan. During our interaction we found she is very happy with her business success and the financial support she received from chaitanya