Background of the Entrepreneur
Name of Entrepreneur: Deo Narayan Ravidas
Address: Murpa ,PS Gola Distt. Ramgarh (Jharkhand) PIN: 829110,
Name of Enterprise: Shoe Centre
Deo Narayan Ravidas belongs to a Schedule Caste poor family. He has 6 members in his family.He has liability to maintain to his parents,spouce and two children, so He was engaged in labour work with his father before starting the enterprise. He always wanted to start an enterprise to make extra pillar of income for his family. He got to know about TRIF’s entrepreneurship programa and met the Manager at the hub center. He got motivated through the discussion to start Shoe centre as a micro enterprise. He did market survey, personal assessment with TRIF. TRIF helped him for forward and backward linkages too.
After all the documentation, he invested 50k of his own capital and He launched his enterprise in the month of Jan’2019. He was making out a monthly turnover of 12-15k with profit of 6-8k.His business was evolving but due to lockdown, his supply got affected. He was not able to get raw material for production neither was able to sell finished goods in market. An inventory of 19679.00 got lost due to moisture during the lockdown. Hence,lockdown got over, he wanted to restart his enterprise and seeking support from TRIF for raw material procurement. Fortunatey, due to support received from Standard Chartered, we were able to support him with 19679.00 raw material support. He started his enterprise and started selling again. His enterprise got revamped after this support. Now He is making business of 10-15k monthly with average monthly profit of 8-10k. He was very obliged to TRIF for this support which helped him to revamp the enterprise.