IIFL SAMASTA Interview Questions, Process, and Tips for Freshers

Credit is the ability to borrow money or obtain goods or services before payment, based on the trust that payment will be made in the future.

• Credit is a financial arrangement where a lender provides funds to a borrower with the expectation of repayment with interest.

• It allows individuals and businesses to purchase goods and services that they may not be able to afford upfront.

• Credit can be in the form of loans, credit ...read more

Samasta is a microfinance institution providing financial services to low-income individuals and small businesses in India.

• Samasta offers microloans, insurance, and savings products to its clients.

• The institution focuses on empowering women and promoting financial inclusion.

• Samasta has a presence in multiple states across India.

• It has partnerships with various banks and financial institutions to expand its reach and im

Microfinance is the provision of financial services to low-income individuals or groups who lack access to traditional banking services.

• Microfinance institutions provide small loans, savings accounts, insurance, and other financial services to help people start or grow businesses.

• The goal is to promote financial inclusion and reduce poverty by empowering individuals and communities to become self-sufficient.

• Microfinanc...read more

Microfinance is the provision of financial services to low-income individuals or groups who lack access to traditional banking services.

• Microfinance began in the 1970s with the Grameen Bank in Bangladesh

• It gained popularity in the 1980s and 1990s as a tool for poverty alleviation

• Microfinance institutions provide small loans, savings accounts, and other financial services to the poor

• The industry has faced criticism for ...read more