Dear GlobalGiving Supporters,
Educated till Std. 6th, Lalita resides in Adai village in Panvel taluka of Raigad district with her two children. Her husband passed away a few years ago and since then she has been managing her house and kids single-handedly on a meager income of Rs 2,000 that she earned by buying vegetables at wholesale prices and selling them at retail prices in front of her house.
In July 2020, she joined the Mann Deshi Foundation and registered herself in a Financial Literacy course. She learned about savings, cash flow, investments, loans, bank and bank services, insurance, self-help groups etc. She was also taught using digital modes of payments such as GooglePay, PhonePe, and mobile net banking. She learned various different business ideas. That’s when she decided to sell vegetables and fruits. She took an Rs. 30,000 loan from Mann Deshi Bank, rented a small shop, and began selling vegetables and fruits.
Gradually, she started making a profit of Rs 10,000. “I am happy that even during COVID when so many people lost jobs and struggled financially, I was able to earn and run my household expenses. I also maintain a digital account to record my earnings, payments etc. I have begun saving Rs 500 monthly in my bank account. I have opened an RD account of Rs 100 and an FD of Rs 5,000 in Mann Deshi Bank. I also save Rs 1,000 in Bank. “I proudly tell everyone that the credit for my success goes to Mann Deshi,” adds Lalita.
'I am happy that even during COVID when so many people lost jobs and struggled financially, I was able to earn and run my household expenses.'
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