Our proud customer Kathir, from village of Sirumugai, Tamil Nadu started his savings to start new Grocery shop. Kathir had always dreamt of expanding his small grocery shop into a larger establishment that catered to the diverse needs of his community. However, the lack of access to formal credit and initial capital posed a significant challenge. Kathir discovered the concept of chit funds through a friend. Chit funds, a popular savings scheme in India, involved a group of people pooling their money every month. Each member of the group was then entitled to the pooled amount once, through a bidding process. This provided an opportunity for Kathir to access the lump sum amount he needed.
Kathir joined a Sri SPN chit fund group with a strong reputation. Month by month, he diligently contributed his share, and soon enough, it was his turn to receive the lump sum. With the funds he received, Kathir was able to renovate his shop, purchase additional inventory, and diversify his offerings to include household items, fresh produce, and even a small bakery section.
- Scheme: 5 Lakh
- Months: 20 Months
- Lot Winner: 02-Nov-2024
- Branch: Mettupalayam
Customer Feedback
Sri SPN Chit Fund helps me expand my business on time. With the lump sum amount received, I was able to scale up his operations and achieve his entrepreneurial aspirations. Its far better than Bank Savings. These are the key highlights of them.
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Commitment
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Instant Settlement
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Higher Bonus than others
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Long Relationships
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Doorstep Collections
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Multiple Payment Modes
Customer Success with Sri SPN Chits:
Using the Chit money, transformation was remarkable. Kathir’s shop became a one-stop destination for the community. His customer base grew, and he was able to employ additional staff to provide better service. The diversified inventory attracted more foot traffic, leading to increased sales and profits.
