Tuesday, December 23, 2014

#IOB to give collateral free loans to 100 budding women entrepreneurs

Naturals unisex hair and beauty salon has signed Memorandum of Understanding (MoU) with Indian Overseas Bank(IOB) recently. Through this partnership, IOB will provide collateral free loan to 100 budding women entrepreneurs as an initiative to promote women empowerment and support their aspirations in the field of beauty.

This partnership with IOB will enable 100 women to avail free loans upto 40 lakhs to open a Naturals salon outlet. This amount can be used for setting up the salon interiors, equipments, products, rental deposits, signage and marketing activities.
Naval Gupta, General Manager – IOB said,” We have extended our partnership with Naturals as we believe that this will help aspiring women showcase their hidden talent and unshackle themselves from the worries of investment.