IIFL Finance

The Success Story of IIFL Finance’s Gold Loan Customer Mr. Vijay Kumar Nair

In the labyrinthine alleys of Sion Koliwada market, where the hustle and bustle of Mumbai's commerce intertwines with the pungent aroma of fresh seafood, the success story of Mr. Vijay Kumar Nair, proprietor of Saga Frozen Food Store and Saga Fish Centre, unfolds like a narrative spun from resilience and innovation.

Mr. Nair, once a humble fresh fish supplier at Colaba market to multiple establishments, found himself facing an unforeseen tempest during the Covid pandemic-led lockdown. With his business rendered inert, the visionary entrepreneur recognized the imperative for innovation and the transformative potential of a frozen food venture.

Undeterred by financial hurdles, Mr. Nair embarked on a quest for funding that led him to the doorsteps of various financial institutions. It was in this pursuit that he discovered a beacon of support in IIFL Finance, an entity with a rich history of catering to the unbanked and underbanked, fortified by a robust on-ground presence and meticulous underwriting processes.
IIFL Finance recognized in Mr. Nair the essence of untapped potential, a sentiment echoed in the entrepreneur's dream to establish a frozen food emporium for both retail and wholesale patrons. Armed with a gold loan from IIFL Finance, Mr. Nair's entrepreneurial aspirations crystallized into the reality of Saga Frozen Food Store and Saga Fish Centre.

In the annals of IIFL Finance's success stories, Mr. Nair's saga stands as a testament to the institution's acumen in identifying and nurturing the ambitions of those often sidelined by traditional financial avenues. Mr. Nair, leveraging his prior experience and adept social media skills, transformed his business into a thriving enterprise, captivating a dedicated clientele.
A patron of IIFL Finance since the inception of his entrepreneurial journey,

Mr. Nair commended the institution for its swift processing, affable treatment, and the tactful reminders that ensured timely repayments. The symbiotic relationship between the financier and the entrepreneur, characterized by trust and timely support, became the cornerstone of Mr. Nair's success.

"I will recommend IIFL Finance to every small entrepreneur," Mr. Nair affirmed.

Success story of IIFL Finance’s Gold Loan customer Ms. Noorjahan Shaikh

In the labyrinthine bylanes of Dharavi, Ms. Noorjahan Shaikh, a 44-year-old small entrepreneur, weaves her narrative of resilience and determination. Ms. Shaikh’s story unfolds in the heart of one of the world’s largest slums, where the chaos of life meets the undying spirit of survival.

Ms. Noorjahan, affectionately known as ‘Noor Apa’ to the women and children who frequent her small but bustling general store. In a landscape teeming with stories of struggle, Ms. Shaikh’s journey is a testament to the unwavering spirit that propels countless small entrepreneurs in the intricate dance of survival and success.

Widowed and shouldering the responsibility of three children and elderly dependents, Ms. Shaikh has worn many hats in her pursuit of sustenance. From nursing to babysitting, and temporary stints at PAN and Aadhar card centers, she navigated a maze of odd jobs without the luxury of a steady income. In 2013, however, she seized an opportunity to redefine her trajectory.

Commencing with a humble enterprise offering mobile recharge and documentation services, Ms. Shaikh’s endeavor evolved into a larger and more ambitious general store, resonating with the vibrancy of Dharavi. The catalyst for this metamorphosis was the gold loan extended by IIFL Finance, an institution that recognized the potential within the indomitable spirit of this entrepreneur.

Ms. Shaikh’s store now stands as a beacon in the narrow alleyways, drawing a diverse clientele seeking not only goods but also sage advice on health, finance, and life. The appellation ‘Noor Apa’ echoes through the alleys, symbolizing not just a shopkeeper but a pillar of the community, a source of wisdom and succor in a challenging environment.

Her narrative is emblematic of the larger Indian saga, where millions of small entrepreneurs like her toil relentlessly, not only to carve their destinies but also to contribute to the nation’s inexorable march toward progress.

Success story of IIFL Finance's customer Mr. Abhijeet Raut

Abhijeet Raut from Poynad in Raigad district of Maharashtra runs a mobile and electronics shop catering to needs of the small town on Kokan cost and nearby villages. Mr Raut has been a successful entrepreneur, who understands consumer behaviour and demand scenarios in the electronics space. Over the last two decades he has significantly expanded his business turning a small repairing shop to a mobile shop and finally a full-fledged electronics shop. IIFL Finance gold loan has been a part of Mr. Raut's aggressive expansion plans over the years by making capital available at the right time. Mr. Raut has been delighted with the transparent dealings, quick processing and helpful staff at IIFL Finance's Poynad branch.

Mr Abhijeet Raut represents over 8.5 million small entrepreneurs in Bharat, who have chosen IIFL Finance as the lender of choice and have been growing their businesses, employing others besides taking care of their families and contributing to nation building.

Last year, we created milestones; this year we will break them !! Join the excitement as the IIFL Jito Ahimsa Run returns on 31st March, 2024. Lace up and let’s make this year’s run more remarkable, See you at the finish line !!

#2024