Ujjivan - Providing Financial Services to the Poor

Customer Name: City: Nature of Loan:	Beebi Jaan Bangalore Business Loan
Beebi Jaan works in Bangalore at an agarbatti (incense stick) factory where she makes Rs. 47 per day. Her husband works as a water supplier, but their combined income is not enough to care for their six children and live in adequate housing. To make ends meet, Beebi Jaan had been loans from a local moneylender at 10% interest rate per month.

Beebi Jaan heard a rumor about Ujjivan from a friend who was trying to organize five women in a group to be eligible to take low interest rate loans. She decided to take a Business Loan of Rs. 8,000 to buy supplies to make agarbatti on her own, in her spare time. The combination of an extra source of income from her personal agarbatti business and the reasonable interest rates charged by Ujjivan gave Beebi Jaan the freedom to pay the rental deposit on a new home and afford its monthly rent payments. Her new home is a significant improvement. It has a sturdy metal roof, electricity and the protection needed to build a better life for her family. When asked what she plans for the future, she says, ‘I’d like to own a home and save for my children’s education. Then they will have everything they need to be successful”.

Customer Name: City: Nature of Loan:	Zarina Bangalore Business Loan
Zarina’s petty shop, just five months ago, looked completed unrecognizable from the way it is today. Since that time, she took a Business Loan of Rs. 8,000 from Ujjivan and improved the structure of her shop, purchased plastic coverings to protect the walls and stocked it with new items to sell. In additional to working at her shop, Zarina helps her husband make snacks which are sold to local stores. The profits from their two businesses go primarily to raising their four children and expanding their businesses. “Joining Ujjivan has been a relief,” says Zarina.

“I used to take loans for my business from a moneylender at 10% interest rate per month. Now, I’ve paid him back and never have to go to him for a loan again. One day, I’d like to open a grocery store and sell many different products.” Zarina looks forward to taking out a Housing Loan from Ujjivan to begin making improvements to her home.

Customer Name: City: Nature of Loan:	Shanthi Bangalore Business Loan
Shanthi, a native of Madras, Tamil Nadu, is among the millions who migrate to Bangalore and settle down in the city’s slums in search of jobs. With just five years of schooling, Shanthi found work at a local sari shop. She recognized that by opening up her own sari shop out of her home she could save on transportation costs, earn a larger income and devote more time to her family. Shanthi joined Ujjivan with a group of women and took her first Business Loan of Rs. 8,000 to open her shop. Opening her own sari shop has not only increased Shanthi’s

income (she now makes Rs. 50 or more on each sari she sells), but it has also increased her skills. At her previous shop, her main job was making sari blouses. Now, she makes the entire sari and adds intricate embroidery, which significantly increases its value.

With a better income and a less stressful life, Shanthi spends time thinking about what’s next for her business and family. Her new goal is to be able to open a savings account and put money aside for her children’s education. She hopes that one day they can become doctors or engineers. She is also looking forward to taking a Housing Loan from Ujjivan so she can expand and make more room for her business.

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