A 60,000-taka loan took the parlour past 40,000 a month
Built from her own savings, then expanded with a 60,000-taka loan. The parlour now has five regular staff and brings in over 40,000 taka a month.
This woman entrepreneur built up a beauty parlour at Ganganagar bazaar in Shariatpur Sadar from her own savings. She later took a 60,000-taka loan through the SDS RAISE programme to expand it. The parlour now has five regular staff and takes in more than 40,000 taka a month, and she trains unemployed local women two at a time. The household does not live on the parlour alone, though: her husband's four mango orchards bring in about 40 lakh taka a year, and the family has bought 40 decimals of farmland. It shows what a small loan can do — taking a home-scale parlour to a five-person shop.
Lessons
- 1.A loan as small as 60,000 taka was enough to take a parlour from home-scale to a five-person shop
- 2.Read a success story with the household's other income in view: here the mango orchards earn far more than the parlour
We published this with the person's permission, without revealing who they are.
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