Coimbatore: Members of the Hospitality Group Thendral Sikkana Nanaya Sangam from KiniKti Colony, who operated a water vending machine in the Terminus Bus Ukkadam, ran from the pillar to be sent after the bank took a loan to start a business, sent them notifications to pay for it.
The water seller, was founded in January last year with the help of private companies and City Corporation, is expected to improve the condition of life and social status of members.
Members take loans from banks to fund projects.
While private companies provide technology support, the Civic body provides space and water.
The income generated from this project was distributed among members.
Although the group made good income, the effort suffered a setback due to pandemics and kuncian.
SHG took Rs 9.5 lakh loans from Canara Bank, said Krishnaveni leader.
“Five of us also invested RS 50,000 respectively.
In addition to regulating machines, we have to buy water cans and light commercial vehicles to supply water to residents.
We make a good business and pay off Rs 2 Lakh from the loan amount.
But the pandemic damages the plan We, “he told Ti.
“Now, we have received notifications from Bank Advocates.” “We don’t want to operate the unit again.
We want the Civic body to hand it to several other SHGs and relieve us.
Given the situation, we don’t think we can run it.
We are not in a position to bear the loan burden,” said the SHG member.
The Civic body is ready to provide any support needed to defend it, an official said.
“We plan to shift the unit to another place.
Banks are ready to transfer loans to future operators,” he added.
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