How Sarika Grew The LAN Cable Family Business Even As Her Husband Was In A Coma

When Sarika Mandhare's husband met with a life-altering accident, she and her family faced financial ruin. But she did not give up.

33-year-old Sarika Santosh Mandhare faced a setback in her quest for financial freedom when her husband had a life-altering accident.

In this WomensWebXMahilaMoney impact series, we bring you entrepreneurs like Sarika Santosh Mandhare who had not just the ambition to grow, but took the steps needed to bring their dreams to fruition. Apply for a loan of up to 25 lakhs to fuel your business growth by downloading the Mahila Money App on Google Playstore or visiting the website here. 

Forced to leave her high-paying job as an accountant to care for him and their daughters, Sarika’s dreams seemed distant. However, with timely financial support, she not only cleared her debts but also expanded her LAN cabling business, establishing a stable income source for her family.

Sarika’s courageous battle to become financially independent

Sarika had always dreamt of achieving financial independence, and she had worked hard to make a name for herself. But she had to put her career on hold when her husband met with an accident in 2013 and went into a coma.

At that time, he was running a LAN cable business, and Sarika had to step in and take over the company’s reins to stay close to her family.

Running a cabling business was a challenging task, especially for someone who had no prior experience in the field, but Sarika was determined to keep the company afloat and provide for her family. However, she soon was caught in a debt trap as she had to manage household expenses, take care of hospital bills, and run the business all on her own.

Speaking about her struggle, Sarika said, “Running the business alone was very difficult. There were times when I did not know how to keep things going. It was a constant battle between looking after my husband and running the business. The mounting hospital bills and household expenses only added to my financial burden. I knew I needed help but did not know where to turn.”

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Her business had growth potential, but money was the problem

Sarika’s business had growth potential, but the lack of capital hindered her expansion plans. She had to turn down potential clients due to a lack of funds. She also could not clear her bills on time, affecting the reputation of her business.

Sarika’s financial struggles were taking a toll on her mental health, and she was on the verge of giving up. That’s when she came across the Mahila Money app on Playstore – a fintech platform that provides productive loans to women entrepreneurs. Sarika gave it a shot and applied for a loan through the app.

Clearing debts, boosting growth, and delighting customers

Sarika applied for a loan of INR 1 lakh. The loan helped her clear her GST bills, and she could take on new clients without worrying about the lack of funds. Her business began to pick up steam, and she was generating good income.

“This loan helped me clear my debts and gave me the much-needed capital to grow my business. I was able to invest in new equipment, which helped me provide better services to my customers. The loan process was hassle-free, and the interest rates were reasonable. I was pleasantly surprised at how quickly I received the loan amount,” shared Sarika.

A second loan helped clear bills and grow the family business

The success of the first loan motivated Sarika to apply for a second loan of INR 58K, which she used to clear her other bills. With this financial support, Sarika could grow her business and provide her family with a stable source of income.

The impact of the business loan on Sarika’s life was transformative. She not only kept her family business afloat but also paved the way for a brighter future. Her husband has recovered and has joined her back in the business, and they are inching towards better days now with their hard work and dedication.

Expressing her gratitude, Sarika added, “I am grateful to Mahila Money for believing in me and my business. The loan helped me achieve financial freedom, which I thought was impossible at one point. The loan process was smooth, and the team was always available to help me with any queries. I can now provide for my family, and my daughters can continue their education without any financial stress.”

Sarika’s remarkable #JiyoApneDumPe journey serves as an inspiration to countless women entrepreneurs across India, igniting their aspirations for financial freedom and independence.

If you are a #JiyoApneDumPe woman entrepreneur who wants to take your business to new heights and needs working capital and entrepreneurship resources, get in touch with the Mahila Money team today.

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Mahila Money

Mahila Money is a neobank for women supporting entrepreneurs with productive capital via loans and a community platform for business success and other financial products like insurance and investments. Mahila Money facilitates loans for businesses, read more...

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