Dhaneswar Panda, hailing from Firestation Square, Bhubaneswar, harbored an entrepreneurial dream. With a deep-seated passion for computer hardware, his vision was to open a computer service company, yet the lack of financial assistance from traditional banking sources threatened to curb his aspirations. That was until the Jeevika Foundation stepped into the picture.
Understanding the integral role of small businesses in economic growth, the Jeevika Foundation has been at the forefront of supporting retail enterprises. When Dhaneswar learned of this, he seized the opportunity to approach us. Recognizing his potential and his fervor for IT services, the Foundation responded positively, endorsing him with an initial amount of 50,000 rupees in the first funding cycle.
Armed with this crucial financial backing, Dhaneswar was able to launch his own computer service company, CARE4U Technology Pvt Ltd, located in Tamando, Bhubaneswar. The company provides a plethora of services including computer and laptop repair, selling computer components, offering CCTV connection, retailing laptops, and providing software licenses.
Impressed by Dhaneswar’s dedication and consistent loan repayment, the Jeevika Foundation decided to extend their support further. They funded an additional 1,00,000 rupees in the second loan cycle. This funding, coupled with Dhaneswar’s commitment, helped to mitigate any financial challenges, enabling him to run his business smoothly.
The entrepreneurial journey of Dhaneswar is a testament to the transformative power of microfinancing and the significant role of organizations like the Jeevika Foundation. It also underlines the indomitable spirit of entrepreneurs who, with the right support, can make a mark in their chosen field. It’s Dhaneswar’s story today; it could be another aspirant’s tomorrow.
