MA Yusuff Ali, chairman of LuLu Group, intervened to assist a family from Paravur Vadakkekara, Kerala, who were at risk of losing their home due to outstanding debt.
Sandhya, a mother of two, found herself facing foreclosure after failing to meet her loan obligations. The LuLu Group promptly responded by agreeing to settle the family’s debt of ₹8.25 lakh with a private financial institution.
Representatives from the LuLu Group visited residence of the family and presented them with ₹10 lakh to assist them in their recovery, reports Keralakaumudi. Local media had covered the story regarding the foreclosure of their home.
In 2019, Sandhya’s family reportedly obtained a loan of ₹4 lakh to finalize the construction of their residence. However, in 2022, circumstances changed dramatically when Sandhya’s husband deserted the family, leaving her to handle both the household responsibilities and the loan repayments on her own. She was unable to continue the repayments, prompting the financial institution to commence foreclosure proceedings.
The family’s distress was aggravated by the manner in which the foreclosure process occurred. Furthermore, they were denied the opportunity to retrieve their personal belongings.
Yusuff Ali’s timely intervention and helping hand provided the most immediate assistance to the family in need. His philanthropic gesture not only settled the existing loan but also offered extra financial aid to facilitate their recovery and rebuilding efforts.
