NRI businessman Yusuf Ali keeps his promise and repays poor family’s loan amount
KOCHI: Amina’s family will sleep peacefully in their home in Kanjiramattom, a suburb of Kochi, free from the fear of bank foreclosure, thanks to the kind heart of NRI businessman MA Yusuf Ali.
She had spent sleepless nights and had forgotten what it was like to have a normal day because of a bank loan the family was struggling to repay.
Amina had taken out a loan from the Keechery Service Co-Operative Bank for their daughter’s wedding by mortgaging their land and house. The land and the house were under bank foreclosure due to default. Her savings have been used for her husband’s treatment and there is no money left to pay the recovery amount.
On Sunday, Amina rushed to Panangad to meet Yusuf Ali, who had come to the village to visit Rajesh and his family, who rescued group chairman Lulu after his helicopter crashed earlier this year. As soon as Yusuf Ali heard about Amina’s plight, he asked his colleagues to deposit the money and repay her loan amount as soon as possible.
Amina never thought her problems would be resolved quickly when she expressed her grief over the threat of losing her house to the bank to Yusuf Ali. Amina’s husband, Syed Mohammad, is suffering from cancer.
On Monday, Amina and her husband were informed that someone had come to visit. Both rushed to the scene and had no idea of the visitors. They asked visitors who they were and the purpose of their visit.
The visitors were employees of Lulu Group. Although Amina did not understand who they were initially, Lulu employees told them that they had repaid the loan amount of Rs 3,81,160 which the couple owed to the bank. Amina and her husband were beyond belief when Lulu Group NB Media Coordinator Swaraj, handed Amina the receipt for loan repayment and interest. He also handed over a sum of Rs 50,000, including medical expenses, to the couple for treatment costs on the instructions of Yusuf Ali.
The loan amount of Rs 2,14,242, and a total of Rs 3,81,160 including interest and default interest, was deposited by Yusuf Ali in the bank. The bank will return the documents for the land after changing it to Amina’s name at the earliest, officials said.