The Business Bytes
THEBUSINESSBYTES BUREAU
KOTPAD, MARCH 17, 2025
Svamaan Financial Services, an RBI-registered microfinance institution established in 2017, continues to transform lives by empowering underserved communities across India. One such success story is that of Malti Mangali from Kotpad, Odisha, who turned financial hardship into business success with the support of microfinance.
Following the passing of her father-in-law, Malti took charge of her family’s rope-making business while managing household responsibilities. However, resource limitations and declining profits posed significant challenges. Seeking a solution, she secured financing from Svamaan Financial Services, a decision that proved transformative.
With the loan, Malti invested in a manual rope-making machine, dramatically increasing her production capacity from 200 ropes per 10-day period to 800 ropes in just 8 days—quadrupling her output. Encouraged by the steady influx of orders, she expanded her operations by involving family members in the business and purchasing an auto-rickshaw to streamline logistics and enhance profitability.
“Ever since I bought the machine, I have a consistent stream of orders, which encouraged me to involve my family in the business. I even purchased an auto-rickshaw, optimizing logistics and boosting profitability. This was only possible due to the convenient and timely loan from Svamaan Financial Services,” Malti shared.
Her inspiring journey exemplifies how microfinance, when combined with determination, can transform lives. By providing access to credit, Svamaan Financial Services enables entrepreneurs like Malti to expand their businesses, strengthen local economies, and create opportunities for previously underserved populations.
