Naturals extends MoU with Indian Overseas Bank

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Provides collateral free loan to 100 women entrepreneurs

NewZNew (Chandigarh/Chennai) :  Naturals, India’s No.1 unisex hair and beauty salon extended Memorandum of Understanding (MoU) with Indian Overseas Bank 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.

Naturals-Signing-MoU-with-IOB-BankThis 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.

[blockquote author=”On signing of the MoU, Ms.Veena Kumaravel, Founder, Naturals, said,” pull=”pullright”]“This partnership of Naturals with Indian Overseas Bank is in line with our vision of empowering 1000 Successful Women Entrepreneurs & generate 50,000 Job Opportunities by 2018. We have revised the contract and the free loan scheme has been to raised 80% of the investment amount. With this we hope to see interest in women in owning a franchise salon of Naturals”. [/blockquote]

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.

Naturals have always been keen on promoting women entrepreneurs and provide them an opportunity to associate with the brand by owning a franchisee. This partnership is another important step for Naturals towards its 2018 mission.

Naturals

Naturals, India’s No.1 unisex hair and beauty salon is a pioneer in the Indian beauty salon industry, growing to become India’s most prominent chain of hair and beauty salons. With 350+ salons across the sub-continent and rapid expansion plans underway, the dream is to reach 3000 salons by the year 2020. Many of Naturals salons are run by women entrepreneurs to fuel the ambitions of women and help them achieve their dreams. Naturals has three key brands, each with customized designs built to cater to specific segments of customers namely Naturals Unisex Salons, Naturals Lounge and Naturals W. Naturals primary agenda is to deliver the best quality in a pampered environment at affordable prices.  http://www.naturals.in/