Mukesh Kumar and his wife Rukmani from Aligarh

Mukesh Kumar and his wife Rukmani from Aligarh

Client:Mukesh Kumar
Place:Aligarh, U.P.
Product:Microfinance Loan

This story is of Mukesh Kumar and his wife Rukmani from Aligarh, who with their dedication and hard work have made a mark in their society. It is said that for a successful person, self-confidence is a must which Mukesh and Rukmani had. The only issue was that they did not have access to money and the right guidance.

 

In that process, they met the Relationship Officer of Capital Trust Limited and informed that they were having a small business of Cosmetics which they wanted to expand. The Relationship Officer informed them about the loan procedure and the terms and conditions. After their consent, they became a part of a group and were given a loan of Rs. 10,000 on 11th December 2009. The money was used by them in their cosmetics business and the business started to grow. They returned the loan taken within a time limit of one year. This boosted their confidence. After one year, they came to the CTL district office and showed their intention to take a loan of Rs. 14,000. The Company, based on their previous loan track record sanctioned the loan on 24th December 2010. By investing this money in their Cosmetics business, the business, started to grow very fast. They repaid the loan taken from CTL along with interest easily. After the expansion of the business, they again approached CTL for new loan of Rs. 15,000. With this money, they started the business of lighting along with cosmetics. The business grew and they were gradually climbing the steps of growth. After that, they did not look back. They repaid the installments on time and CTL helped them whenever they needed additional capital. In December 2012, they took a loan of Rs. 20,000 from CTL and started the DJ work also along with lighting. After that, they opened a Beauty Parlour with the borrowed money from CTL. After paying 10 installments for their loan of Rs. 1,00,000, they have enhanced their loan amount to Rs. 2,50,000 and invested the same into their business. Today, Mukesh Kumar and Rukmani are living a successful life.