In a heartwarming act of compassion, M A Yusuff Ali, the chairman of the Lulu Group, has come to the rescue of a Kerala lady who was going through eviction from her residence on account of an excellent mortgage of Rs 8 lakh.
The billionaire instructed the Lulu Group to repay Sandhya’s mortgage and in addition provided her Rs 10 lakh to arrange a hard and fast deposit.
In response to a report by Samayam Malayalam, Sandhya and her husband borrowed Rs 4 lakh from Manappuram Finance, a Kerala-based non-banking monetary firm (NBFC), in 2019 to assemble a home in North Paravur. Nonetheless, after her husband left the household in 2021, they stopped making repayments, inflicting the mortgage quantity to develop to just about Rs 8 lakh on account of curiosity.
Sandhya, who earns about Rs 9,000 a month working in a store, could not repay her mortgage for 2 years. In the future, after ending work, she discovered that the non-public finance firm had modified the locks on her home and wouldn’t let her in. She and her youngsters had been reportedly not allowed to take their belongings with them.
Information of the lady’s plight reached Yusuff Ali, who was deeply moved by her state of affairs. With out hesitation, he provided to repay your entire mortgage, saving her residence from foreclosures.