Daleep Kumar a young individual of 18 and lives with his parents and six siblings, four of whom go to schools. Daleep and both his parents work to earn a living for their family. His parents run a small business, selling steel utensils and collectively manage to earn 12,000 rupees per month. Daleep himself started working at a very small age, owing to his family’s dire financial conditions. He has been running a small convenience store in his neighborhood for the past four years. He mostly sells common household commodities like tea, sugar, flour, rice, spices, and some beverages and confectionaries. He manages to earn approximately 8,000 rupees per month.
Daleep now wishes to expand his business by adding a better selection of products in his store. He evaluates that he can increase his profits significantly once he has a better range of groceries available at his store. He has developed a strong customer base over the years. Daleep needs a loan to invest in his business and buy a larger variety of products for his store. He wants to increase his overall income to give better living standards to his family.