Author name: Beno Thomas Bobby

Client Stories, Uncategorized

Success Story of Sheela from Aluva, Kerala

In the bustling town of Vazhakulam, Aluva, Kerala, Sheela, a dedicated and ambitious woman, has experienced a remarkable transformation in her life, thanks to the support she received from IIFL SAMASTA. With a vision and determination to succeed, Sheela embarked on an entrepreneurial journey that has not only uplifted her own life but has also contributed to her family’s well-being. This write-up delves into Sheela’s inspiring story, highlighting the role played by IIFL Samasta in her success. Sheela, a resident of Vazhakulam, Aluva, has a loving family consisting of her husband and two children. In her pursuit of financial independence, she opened a small shop eight years ago, showcasing her talent in tailoring. However, she faced several challenges in expanding her business and lacked the resources to invest in modern equipment and machinery. In 2019, Sheela became a valued customer of IIFL SAMASTA, and since then, her life has taken a positive turn. Recognizing her potential, IIFL SAMASTA provided Sheela with the financial support she needed to grow her business. Sheela availed six loans from IIFL SAMASTA, allowing her to make significant progress in her entrepreneurial journey. With the financial assistance from IIFL SAMASTA, Sheela purchased a new state-of-the-art tailoring machine, marking a turning point in her business. Encouraged by the success, she further expanded her shop and added two more modern tailoring machines, increasing her production capacity. With these expansions, Sheela was able to provide employment opportunities to two more individuals, contributing to the local economy and uplifting the lives of others.`

Client Stories, Uncategorized

Weaving Her Legacy: Rekha’s Journey to Hand-Loom Success

Mrs. Rekha from Amingada Branch in Karnataka— is a true testament to entrepreneurial spirit and determination. Residing with her husband and two children, Mrs. Rekha runs a hand-loom unit where she weaves dreams into reality with every saree and garment she creates. Her journey with IIFL Samasta began in October 2021 when she took her first loan to fine-tune her business. With a keen eye for growth and a flawless repayment record, she soon secured a second loan, further fueling her ambition. Empowered by these financial boosts, Mrs. Rekha expanded her operation, adding new hand-loom machines and hiring a talented team to meet rising demands. Today, she has transformed her improved financial health into a source of joy and support for her family.Mrs. Rekha’s story is a vibrant illustration of how smart investments and steadfast financial practices can turn aspirations into achievements and dreams into a flourishing reality.

Client Stories

From Fields to Prosperity: How Satyawati and Satyaprakash Turned a Simple Start into a Thriving Venture

Satyawati and Satyaprakash from Pagroi village in Sitapur district, Uttar Pradesh—a couple whose remarkable journey from traditional farming to successful entrepreneurship is a true testament to resilience and vision. Initially working as farmers, Satyaprakash and Satyawati sought to transform their lives and embraced the opportunity for change with the help of a loan from Samasta. They took their first step by investing in a flour machine, which marked the beginning of their entrepreneurial adventure. This initial loan was a catalyst, enabling them to expand their operations. Building on their success, they further enhanced their business by adding a polisher machine and an expeller machine, which significantly boosted their production capabilities. Their continued growth led to the successful establishment of a Kirana store, managed skillfully by Satyawati.Satyaprakash shares their journey with pride: “With our first loan from Samasta, we were able to install a flour machine, which was a game-changer for us. As our business grew, we expanded by adding a polisher and an expeller machine. Now, my wife runs a thriving Kirana store, and our venture has brought a new dimension to our lives.”

Client Stories

Savitaben’s journey to becoming a successful businesswoman

Savitaben and her husband own a tea stall in Bilpad, Gujrat. They sell morning snacks, tea, and other food items. Along with running the tea stall, Savitaben ventured into her own business of making farsaan snacks. Savitaben’s shop has become famous in the locality for its unique taste and quality. Savitaben took a loan from IIFL Samasta in 2018 and used it to buy ingredients to make more snacks and expand the range of products. She started getting many orders for snacks and used subsequent loans from IIFL Samasta to buy ingredients in bulk and ensure timely delivery. Today, she sells around 30 varieties of snacks and has a constant income to support her family. Earlier, life was not this smooth for the couple. They have a daughter and a son. Their daughter is married and the son had to discontinue his studies due to difficulties at home. Now with a steady income from her business, Savitaben hopes her son will complete his graduation and have a secure future. Savitaben is happy with where she is today. She proudly says, “more than the success of this business, the self-confidence that I gained over these years matters a lot. I have not studied much and I always feared whether I would succeed or not. But, at the same time, I also knew that sitting idle would not help us improve our situation. That is how I ventured into this business.” Savitaben is excited when speaking about her association with IIFL Samasta. “IIFL Samasta has always treated me like a valued customer and supports me in the loan process. They encourage me to grow my business and my experience with each staff in IIFL Samasta has always been very good.”

Uncategorized

Financial Literacy and Inclusion

Financial literacy is a vital component of a nation’s prosperity, intricately linked to its economic development. It involves acquiring the skills and understanding needed to make informed choices, efficiently handling finances and earnings for wise spending, and saving. Essentially, financial literacy empowers individuals to devise robust and sustainable financial strategies that suit their resources and income, addressing both immediate and future requirements. Our financial literacy initiative aims to educate women, youth, and farmers residing in underserved rural areas through village-level training sessions. Our program emphasizes essential financial concepts, such as income and expenses management, financial planning and budgeting, the significance of saving, borrowing practices, navigating formal financial systems, investment strategies, and understanding social benefit schemes. Following the training sessions, we establish kiosks at the village level to ensure ongoing support and assistance for financial inclusion. Our financial literacy efforts have benefitted over 64,000 individuals in rural areas, providing them with crucial financial skills. Thanks to this initiative, participants are now equipped to make informed financial choices, cultivate improved saving practices, utilize banking services, and enroll in diverse social benefit programs.

Announcements

GPTW

We’re delighted to share that IIFL Samasta has been honored by Great Place to Work® (India) as one of the Top 50 Best Workplaces in BFSI! This recognition is a testament to the hard work and dedication of all of you, as well as our unwavering commitment to cultivating an innovative and exceptional culture. At IIFL Samasta, we pride ourselves on our fair and inclusive people practices tailored for our employees, as well as our steadfast dedication to providing a consistent and inclusive workplace experience.

Announcements

Samasta Social

We introduced Samasta Social, our internal social media platform designed to revolutionize communication within our organization. With this innovative tool, we’re breaking barriers and fostering a culture of transparency, collaboration, and trust.At the heart of Samasta Social, is the direct connection between our esteemed leadership team and every employee. Through engaging video messages, top management share valuable insights, and updates, directly with the entire workforce. This not only keeps everyone informed but also instils a sense of unity and purpose across the organization.What truly sets Samasta Social apart is its interactive nature. Every employee can actively engage with leadership by sending in their queries, comments, and suggestions. Whether it’s seeking clarification on a new initiative or sharing ideas for improvement, the platform serves as a forum for open dialogue. Together, we’re building a workplace where we connect, communicate and engage. 

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