How Spice Money Enabled Mithali Sahu  to Achieve Financial Inclusion and Uplift Women in her Community

In a region grappling with significant unemployment challenges, Madhya Pradesh witnessed a drastic increase in the number of registered unemployed youth, with the numbers increasing from 25.8 lakh from April 1, 2022 to 38,92,949 in January’23 . Amidst these trying times, Spice Money has become a beacon of hope for the aspiring young nanoprenerus across the region. One such story is from Bhopal, where the company helped Mithali in starting her journey towards financial independence and empowerment.
After completing her five-year integrated MBA in marketing, Mithali Sahu, resident of Chhavani Pathar, Bhopal, chose to become a Spice Money Nari Adhikari after gaining valuable insights from other experienced nanopreneurs operating in the same field . In her community, accessibility to banking services was a pressing issue, with most banks situated far from people’s residences. Furthermore, the local business landscape was predominantly dominated by male-owned shops. Mithali took it upon herself to address these challenges with the assistance of Spice Money, pioneering the only female-run establishment in the area.

Since her association with Spice Money, Mithali has been offering a comprehensive range of financial and non financial services to her community. Her shop has become a reliable and convenient hub for individuals seeking to withdraw or transfer money from nearby locations, greatly simplifying their financial transactions. Furthermore, Mithali’s endeavor has empowered the community, giving them the confidence to send their wives, daughters, sisters, and other family members to her shop. Mithali’s role as a female nanopreneur has fostered a sense of comfort among her female customers, not only bolstering their confidence but also nurturing a strong bond of trust among them.

Mithali encountered various challenges when she ventured into her own business, including instances where transactions got stuck or customers sought to withdraw amounts exceeding their account balances. With the assistance of Spice Money, these minor setbacks proved to be invaluable learning opportunities, enriching her insight into customer behavior.

Moving forward, Mithali’s aspiration is to generate employment prospects for young women within her community. Her journey has transformed her into a source of inspiration in her village, where conventions once discouraged girls from pursuing entrepreneurial endeavors. Families have begun enrolling their daughters at her shop to acquire knowledge and inspiration, igniting their ambitions to embark on their own ventures. Mithali stands as a proud nanopreneur, diligently providing her community with both financial and non-financial services, while nurturing ambitions of expanding her enterprise even further.