Lulu Group chairman M A Yusuff Ali has become the ‘guardian angel’ to Kerala woman Sandhya and her children who were evicted from their house in Ernakulam district due to an unpaid loan of Rs 8 lakh. The billionaire directed the Lulu Group to clear Sandhya’s loan and offered her Rs 10 lakh to open a fixed deposit.
According to Samayam Malayalam, Sandhya and her husband took a loan of Rs 4 lakh from Manappuram Finance, a Kerala-based Non-Banking Financial Company (NBFC), in 2019 to build a home in North Paravur. However, the repayment stopped when her husband abandoned the family in 2021, and the loan amount surged to nearly Rs 8 lakh with interest.
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Sandhya, who works in a shop with a monthly income of around Rs 9,000, was not in a position to clear the loan for two years.
One day, while she returned home after work, the private financial institution had replaced her locks and forbid her from entering the house. She and her children were allegedly prevented from taking their belongings.
The news of Sandhya’s plight caught the attention of Yusuff Ali, who directed his team to repay the loan and Sandhya got back the keys to her house.
Lulu Group chairman MA Yusuff Ali helps a Kerala woman clear her loan (Image source: @yusuffali.ma/Instagram) 
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