VSSM Interest Free Loans filled Colours in the life of Lilabhai
Lilabhai Bhotubhai Patni (Devipujak) belongs to Deesa village of Banaskantha District. He is a seasonal vendor and his wife helps him in the business. He wished to expand his business but was facing financial limitations. He got to know about the interest free loans that VSSM extend to NT- DNT community members and decided to contact Maheshhai (VSSM worker). He could avail the loan of Rs. 25,000/- with which his business started. It had started off well and he could repay his loan timely and had some savings too!
|Lilabhai built standing kitchen in his new house through VSSM Loans|
Thereafter, he took second loan of Rs. 10,000/- to get a house under Rajiv Gandhi Awas Yojna. The actual amount to be paid under this scheme was Rs 2 Lakh 49 Thousand, but as he belongs to NT community, he had to pay 55,000/- from which VSSM helped him avail 45, 000/- through Pandit Dindayal Awas Yojna, hence he could get a house of his own! He could spent VSSM loan for his house which we can see how he has built standing kitchen in his house. He is happy that he could avail his own house with VSSM’s support of Rs. 10,000 loan that too interest free. He has re-paid Rs. 2000/- out of his loan he borrowed.
|Lilabhai's winter wear shop|
As the winters were about to arrive, Lilabhai thought to buy warm clothes for winter from wholesale for the season’s business. But he estimated an investment of 1.5 Lakh. He already had an ongoing loan of Rs 10, 000/- through VSSM. But he still decided to borrow a third loan.Given that he had repaid the previous loan timely, VSSM decided to extend a loan of 50,000/- for his business. Since he was still short of 1Lakh, he borrowed Rs.50,000 from somewhere on the interest and put in all his savings and got his stock of winter clothes for his business. God bless, his business is doing great and he is also repaying the loan on timely basis.
Lilabhai knows how to drive an auto rickshaw and now he wishes to buy one. He says that his wife will manage his seasonal business at one place and if he will get an auto rickshaw, he can move around with his stock and do business along with getting passengers in the auto rickshaw from which he can earn too. Once he repays both the loans to VSSM, he wishes to get another loan for buying an auto rickshaw.
|Lilabhai showing winter clothes to Mittal Patel|
He has two children and since his engagement with VSSM, he understands the importance of education in a better way. He wishes to send his five-year-old son to school and also puts aside Rs. 200/- for his extra tuition. He is focused towards his kid's education and their bright future.
Now that we know that Lilabhai has had a taste of how hard work and dedication pay off, we wish Lilabhai a bright future and may he always keep working hard towards achieving his goals and VSSM shall stand by his side in hour of need.
We are grateful to our donors who support us to help many people like Lilabhai who struggle to earn the living.
LOAN ID: 1362