Helping Kiran’s business grow

 

Helping Kirans business grow

Kiran Devi started a small grocery shop to help her husband manage their household expenses, but their combined monthly income of INR6,000 still wasn’t enough to cope with expenses and to pay for their three children’s education.

So in 2013, Kiran was put in touch with Ujjivan Financial Services Pvt. Ltd who provides financial assistance to economically active poor women. After meeting with them, Kiran applied for a loan. She used the money to buy raw materials and a refrigerator to expand her business, and her income has since increased fourfold.

A better life ahead

The success of the business has improved Kiran’s life, provided financial stability, and increased her family’s social status. Her children are now studying in private schools and taking private tuition.

She aspires to grow her business and diversifying her products to meet her customers’ needs. She has also planned for her childrens' education to apply for the Higher Education Loan from Ujjivan as they progress.

Why microfinance matters to us

We work with microfinance institutions (MFIs) like Ujjivan Financial Services Pvt. Ltd globally, to help provide access to financial services. Since 2005, we’ve provided more than USD1.6 million in funding to MFIs across our footprint, impacting over 10 million people.

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