Empathy, Education, and Entrepreneurship: A Deep Dive into Mahila Money’s Loan Open House
Delve into how Mahila Money Loan Open House fosters business growth by creating a thriving ecosystem for women entrepreneurs beyond the traditional financial support.
It can be an overwhelming experience to make financial decisions for a business to serve the entrepreneurs’ end goals and provide a financial lifeline to the employees. One such business-altering decision is CAPITAL.
The crucial planning starts after one decides to get capital.
How much do I borrow?
For what period?
Will I be able to pay it back?
And the list is endless.
Mahila Money’s Loan Open House is a beacon beyond traditional financial support, creating a thriving ecosystem for women entrepreneurs. Let’s delve into how this initiative goes beyond processing loan applications, offering a space for empathy, education, and entrepreneurship.
Understanding the Initiative:
In the spirit of transparency, the Mahila Money Loan Open House hosts 1:1 live support sessions every Monday to Friday from 12–1 pm. This virtual space on the Mahila Money app provides women entrepreneurs with an opportunity to seek financial assistance, support, and valuable business guidance. It goes beyond the mere processing of loans, addressing a spectrum of questions that aspiring entrepreneurs may have.
Some questions we get every day are:
“I want to know how to apply for a loan on Mahila Money.”
“I have just begun reselling jewellery and am looking for a loan, will I get it?”
“How do I foreclose my existing loan to get another one?
These sessions are not just about processing loan applications; they are a valuable source of information and education. Whether it’s understanding the terms or comprehending the nuances of interest rates, these sessions are an educational goldmine for aspiring women entrepreneurs.
What makes it special?
The Loan Open House is all about building a community of women entrepreneurs who can lean on each other for support. While the primary focus is on loans, the Mahila Money Loan Open House extends its support to provide business guidance. During these sessions, users can share their business aspirations and challenges. They can also seek advice on various aspects of entrepreneurship, from marketing strategies to operational efficiency.
Here’s a conversation during Diwali 2023:
“Hi, welcome to today’s session. How are you doing today?”
“I am good.”
“That is great to know, do let us know your query.”
“I wanted to confirm if my application has been received.”
“Yes, we have. We will take 7–10 working days to process your application. You can keep checking the loan status in your profile.”
“Alright.”
“Is there anything else you would want to ask?”
“Nothing, it is just that I have recently started selling ladies’ garments and I wanted to take advantage of the festive season. Hence, the loan requirement.”
“We are glad you are planning to make the most of the festive season. Have you planned something more to offer to your customers during the festivities?”
<Goes Blank>
“Will you be okay with getting some tips from us?”
“Absolutely.”
“You can sell complementary products like bangles, hair accessories or jewellery with your existing product lineup. This would add sources of income to your bucket. Also, ensure you use social media to your advantage. Post the festive season, you can decide if you want to continue selling the complementary products.”
“Yes, I even have contacts with whom I can enter into a partnership. This seems a doable idea.”
“Lovely, let us know how it goes.”
“Sure, thank you so much.”
At the Mahila Money Loan Open House, it is an everyday discussion on topics such as
- How to effectively use and repay the loan amount
- Chalking out business plans
- And of course, the lovely feedback from our users on the easy-to-go application process and the ever-helpful support team!
Hence, besides getting information about capital, one gets a package of ideas to scale their #JiyoApneDumPe businesses. Ekdum Muft, Muft, Muft!!
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.
