Nurturing entrepreneurship through a home loan

Mohini and her family were residing in a rented home. Mohini’s husband is employed as a marketing professional in a private firm, however, his income is insufficient to meet the family’s needs. Being a trained beautician, Mohini wanted to supplement the family income using her skills.

The owner of their house did not permit Mohini to operate a parlour in the rented premise. With the limited income, the family was unable to live a quality life and save for the future. The family realised that the best way was to purchase a home to start a beauty parlour.

Mohini and her husband were sanctioned a home loan by Capri Global Housing Finance for INR 1.8 million for a tenure of 15 years.

Results

Once the home was purchased, Mohini started her parlour immediately.

Today, her beauty parlour services are sought after in the area.

She contributes to the family income through her earnings and to the EMI payments for the home.