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From Rs. 2000 to Rs. 20,000- The making of an entrepreneur Stories

From Rs. 2000 to Rs. 20,000- The making of an entrepreneur

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Saturday, 11 August 2018 16:51 Posted By Kudumbashree NRO

Kailash Sen, a resident of Meghpura Panchayat of Begun Block in Chittorgarh, Rajasthan worked as a helper in a men’s parlour in Begun market where he earned a meagre amount of Rs.1000-1500 per month. It was getting difficult for him to feed his five member family. As his wife was an SHG member, she used to take loans for all the family needs like meeting household expenses, education of the children and even marriage of their two daughters. Loans became a normal way of meeting the household expenses. But loans had to be repaid and he knew that this could never be a permanent solution to his problems.

 

After getting support from Micro Enterprise Consultant under SVEP, Kailash started his own men’s parlour in Begun with a loan of Rs.40000. At his shop, sensing the changing environment and growing inclination of men toward styling, Micro Enterprise Consultant suggested Kailash to diversify the portfolio of services provided by him. Kailash started offering massage and bleaching services in the parlour apart from shaving and hair-cuts. Soon, the business started to grow and number of customers started increasing day by day. The demand reached to a level that Kailash had to hire two helpers to assist him. The profits also started increasing and Kailash, who once could barely earn Rs.2000 in a month was now able to make Rs.20000 per month from his parlour. Today, Kailash is so happy with the profits he is earning that he is looking forward to get a Beauty Parlour opened for his daughter in law. He mentions that the small instalments and low interest rate offered under SVEP have reduced a lot of burden of repayment.

 

Kailashs story

                                                                                                 Kailash at his parlour

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