Entrepreneur Grows Sweet Rentals
Vishal Vikash Prasad is testament of struggles, hard work and taking risks.
Throughout his life, Mr Prasad, 29, has had to struggle each day, as he and his brother and three sisters watched his father, Virendra Prasad and mum Sharun Lata, get up at 4am everyday to prepare sweets for sale.
Their corrugated iron and cement house in Tomuka, Lautoka, was where their sweets were made.
It was not until three years ago that Mr Prasad took over the business and invested in two new carts, with the name Vishal Sweets that operated from the Lautoka bus station.
Throughout this time, he continuously set money aside at BSP.
And this did not go unnoticed.
A few months ago, Mr Prasad began thinking of taking his business a step further and contemplated which direction he should head.
“I saw how people started up rental car firms and was making a lot of money,” he said.
“I decided to give it a go and approached my bankers to help me.”
The rest, as they say, is history.
After the registration of Sweet Rentals was approved by the Land Transport Authority he was provided financial assistance by BSP for his vehicles.
Last week, he received four new Toyota Prius, complete with full registration and sticker delivered to his office at Waiyavi industrial subdivision in Lautoka.
He already had one vehicle and with the five vehicles, he soon found how lucrative this business could get because the vehicles were already being hired.
“It is going to be hard work but I have been through that and know what it is all about.”
“Also I am lucky to have a close friend, Sanjay Lal, of Hari Lal and Sons from Kashmir in Lautoka, be there for me and provide good advice.”
BSP’s Area Manager West, Shainesh lal said BSP specialised in asset finance, motor vehicles including trucks and buses and machines and with that some new products had come in as well.
“Our core function is to assist small businesses come up, give them a livelihood, as the financier with a fully-pledged product.
“Our interest rate and charges are very competitive in comparison to other banks.
“We have seen a good vision for Vishal to progress while we provide funding our main objective is to see them grow.
“The sweets business they have has really grown and acquiring a new asset gives them that comfort to generate national income.
“Our product is designed and is a tailor made product for businesses but for any individuals and the reason people choose us is the flexibility in turnaround time — how fast we do things where we are able to know the need of the business and the type of asset the business needs.”
Mr Prasad is making sure that his business succeeds and this includes making sure his workers are paid well and their FNPF is deducted.
Last year in October, his family lost their home in a fire but this did not deter them from continuing the business although it set them back, financially.
However, because of his savings, the family has managed to get back on their feet and be where they are today.
For those in Lautoka, who want a clean new vehicle at a reasonable price, you can call Mr Prasad on 9240960 or visit their office at Waiyavi Industrial Subdivision.
Edited by: Ivamere Nataro