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NRI businessman Yusuf Ali keeps promise, repays loan amount of poor family

Amina had taken a loan from the Keechery Service Co-Operative Bank for the wedding of their daughter by mortgaging their land and house.

Published: 07th December 2021 07:00 PM  |   Last Updated: 07th December 2021 07:00 PM   |  A+A-

The bank will return the documents for the land after changing it to Amina’s name at the earliest, officials said. (Photo| EPS)

By Express News Service

KOCHI: Amina’s family will sleep peacefully at their home in Kanjiramattom, a suburb in Kochi, free from the fear of bank attachment, thanks to the large-heartedness of NRI businessman MA Yusuf Ali. 

She had been spending sleepless nights and had forgotten what it felt like to have a normal day due to a bank loan, which the family struggled to repay.  

Amina had taken a loan from the Keechery Service Co-Operative Bank for the wedding of their daughter by mortgaging their land and house. The land and house were under bank attachment due to the default in repayment. Her savings were used for the treatment of her husband, 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 the Lulu group chairman after his helicopter crash-landed early this year. As soon as Yusuf Ali heard about Amina's distress, he instructed his coworkers to deposit the money and pay off her loan amount at the earliest.

Amina never thought that her problems would be solved quickly when she expressed her grief over the threat of losing her home 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 them. Both of them rushed to the place and were clueless about the visitors. They asked the visitors who they were and the purpose of their visit. 

The visitors were the employees of Lulu Group. Though Amina didn't understand who they were initially, the employees of Lulu told them that they had paid off the loan amount of Rs 3,81,160 that the couple owed to the bank. Amina and her husband were beyond belief when the media coordinator of Lulu Group NB Swaraj, handed over the receipt of the repayment of loan and interest to Amina. He also handed over a sum of Rs 50,000, including medical expenses, to the couple for treatment expenses on Yusuf Ali's instructions. 

The loan amount of Rs 2,14,242, and a total of Rs 3,81,160 including interest and penalty 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.



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  • vk

    Dear Sir MA Yusuf Ali
    30 days ago reply
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