WEAVING A SUCCESS STORY
Nekarara Colony is a weavers’ village near Gottigere in Bangalore. 32-year-old Nithya lives in Nekarara with her husband, two children and parents-in-law. Like most of the other families in their village, Nithya’s family owns a saree weaving unit. Her family was struggling to make a living with the minimal income from weaving.
At this difficult time, a friend introduced Nithya to IIFL Samasta. She joined a group and took a loan. She used the first loan of Rs. 25,000 to repair the loom and buy weaving supplies in bulk. “I am happy that I took the decision of reaching out to IIFL Samasta. Their timely processing of loan helped us to restore our weaving business. The loan has helped us to buy supplies in bulk allowing us to increase profit,” said Nithya.
Availability of more raw materials has enabled the couple to take up more orders. They have increased production and now have a steady income of Rs. 30,000 – Rs. 35,000 a month. She now plans to install a UPS so that they can work without interruption during power outages.
Nithya embodies the entrepreneurial spirit that, with the right support, can transform lives. “I want to grow my business to be more successful so that I may be able to provide employment for others,” said Nithya, while showing a blue saree that she recently completed.