Svatantra Microfin Pvt. Ltd. (SMPL) - A brief overview:
Since inception the company has disbursed loans amounting to more than INR 11000 Cr to microfinance borrowers and currently (as of January 2022) the company Gross Loan Portfolio (GLP) is more than INR 5000 Cr with an active customer base of 1.5 million+. Ours is the first NBFC-MFI to adopt 100% cashless disbursements (since 2012, inception) and has rolled out products like one of its kind “concierge led cashless Mediclaim” for rural Indians and “kutcha house insurance”. To further leverage technology and create financial inclusion Svatantra introduced "Saksham" a unique customer facing app customized to engage with rural customers. Diversifying in MSME and non-credit products for customer has also been our top priority.
In 2022, Svatantra completed a decade of enabling financial independence and encouraging entrepreneurship to the underbanked rural women. With a workforce of over 6,000 people, we now operate in 19 states covering 299 districts with a network of over 690 branches and are ranked amongst the top 10 MFIs
Over the years, our differentiated work approach & vision has received various accolades from the industry:
But the one that is closest to our heart is receiving Great Place To Work certification twice in a row, it highlights our people & the culture that drive us as a force.
Work Culture at Svatantra: Svatantra is defined by its purpose and values and therefore they remain core to all our business decisions and guide the Vision and Mission of our business. We ensure that the values are clearly articulated and defined and that they are instilled in each of our team members, so that they live them day after day. Over the last decade, Svatantra has focused on building a value-oriented culture, based on 'Trust' which remains the foundation of our existence. This has made a significant difference to the lives of each one of us on the team.
In addition, we believe that employees should be provided training and development for their overall growth. Building an environment of training and development is of utmost importance for us as it not just ensures that employees are performing in their jobs, but it's also important that they continuously develop themselves in their current role and are ready for future roles within the organisation.
What makes Svatantra unique: At Svatantra, we believe that employees are our greatest asset and that each of our employees are valued equally. Our key to being an employee-centric organization is that all initiatives, big or small, are designed keeping the well-being of our employees in mind. We believe that a healthy and happy employee remains productive and is imperative to achieve business success.
Additionally, we are extremely conscious about the fact that all our team members should focus on their family and personal well-being as well, hence work-life balance is extremely serious matter for the management. Weekly-offs and holidays are strictly followed, and no work is permitted during these days. This has been one of the key differentiators for Svatantra and has been pointed out by lateral hires, joining us from the industry.
Experience the joy of making a difference in someone’s life: Although we serve the rural community, this would not have been possible without understanding the mindset of our customers. And who best can represent it than the workforce who themselves belong to a rural background. On this front, as a microfinance company we feel both privileged and purposeful to employ a major talent pool from the villages. As more than 95% of employees are from a rural background, it becomes easier for us to understand the pulse of our customers and offer them services to create a meaningful difference in their lives.
At Svatantra Microfin, it's our collective effort to provide the underbanked section of India and promote financial inclusion in the nook & corner of India's hinterland.
If our vision strikes a chord with you and interest your career goal, connect with us here -
https://svatantramicrofin.com/microfinance-job-openings
