Naturals signs MoU with Indian Overseas Bank

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Provides collateral free loan to 25 women entrepreneurs

L-R Mr  C K Kumaravel CEO  Co-Founder Naturals and Mr  Naval Gupta GM Indian Overseas Bank handing over over the Collateral Free Loan certificat

NewZNew (Chandigarh) : Naturals, India’s No.1 unisex hair and beauty salon signed a Memorandum of Understanding (MoU) with Indian Overseas Bank today. Through this partnership, IOB provides collateral free loan to 25 budding women entrepreneurs in Delhi promoting women empowerment and strongly supporting their aspirations in the field of beauty. This partnership with IOB will help the 25 women in setting up a Naturals W, Naturals salon and Naturals Lounge availing a loan of Rs. 20 lakhs, 30 lakhs or 40 lakhs respectively. This amount will be used for setting up the salon interiors, equipments, products, rental deposits, signage and marketing activities.

Speaking on the occasion Mr. CK Kumaravel, CEO & Co Founder, Naturals said,This partnership of Naturals with Indian Overseas Bank is in line with our vision of women empowerment. With this we are one step closer to our target of setting up 3000 salons by 2018. A methodical research has gone through in identifying these 25 women from this region, keeping in mind our plans for the market and the potential that we see for our brand through this expansion.”

Naval Gupta, General Manager – IOB said,” This partnership with Naturals is in line with our goal of contributing to women empowerment in the country. We strongly believe that such initiatives will spur greater employment opportunities to the enterprising innovators in this field.” The franchise business model adopted by Naturals has been instrumental in making their presence felt across the country. This partnership is another important step for Naturals towards its mission to create 1000 Successful Women Entrepreneurs & generate 50,000 Job Opportunities by 2018.

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/