In the scenic heart of Telangana, 33-year-old Smita Srividya Madivada has woven a success story as unique as the fabrics in her home-run boutique. Every stitch, design, and fulfilled order in Smita’s collection is a testament to the incredible feat she has accomplished, armed with determination and unwavering belief.
“I always had an eye for fashion and design. The idea of owning a boutique excited me, and I saw it as a medium to showcase my creativity to the world and bring home a stable income. Satisfying my financial needs with a business opportunity gave birth to my boutique business,” Smita joyfully expresses.
Smita had never taken up any job or business before marriage. Smita shares, “My boutique is the first money-making job of my life. Till the boutique showed up, my husband handled all the monthly household expenses of around INR 15k. The boutique allowed me to contribute to the family’s finance jar.”
Smita realised that her desire to contribute further to her family’s income could only happen if her boutique was upgraded. However, as a business owner running her boutique from home, Smita faced limitations in resources and a constrained budget. Her aspiration to expand her boutique and set up a physical store seemed distant, given especially the financial constraints she encountered. This was when she decided to harness the power of Mahila Money’s business loan. With her vision set on expansion, Smita applied for a loan of INR 50K with a tenure of 12 months, to invest in her boutique.
“With Mahila Money, my boutique got a financial push. The loan process was smooth, and the customer service was exceptional,” Smita says with gratitude.
The loan amount served as a catalyst for Smita’s boutique, propelling it towards success. With her newfound financial resources, she invested in raw materials and new designs, leading to a remarkable increase in her monthly earnings. Before the loan, Smita’s monthly income stood at INR 10K. Now, her boutique generates a flourishing revenue of around INR 15K monthly.
With a vision to rent a shop and create a stylish space, Smita is looking forward to applying for a top-up loan with Mahila Money. “I envision a beautiful boutique where customers can explore the latest trends and indulge in fashion,” she says. As Smita takes bold strides in her entrepreneurial journey, Mahila Money stands with her, saluting her #JiyoApneDumPe spirit.
If you are a #JiyoApneDumPe woman entrepreneur who wants to take your business to new heights and needs working capital and entrepreneurship resources, speak to us on Mahila Money. Apply for a loan of up to 25 lakhs to fuel your business growth by downloading the Mahila Money App or visiting our website http://www.mahila.money.