Satin Creditcare Network Limited

Satin Creditcare Network Ltd. (SCNL), the fifth largest microfinance institution in terms of GLP as on March 31, 2016 (Source: CRISIL Report) with a predominantly strong presence in north India as a provider of individual and small business loan and savings services to urban shopkeepers. SCNL started operations in the year 1990 & got registered as an NBFC with the RBI in 1998 and transformed into an NBFC-MFI in November 2013.

Principally, SCNL business is based on the JLG Model with a vision to empower economically active women in both rural and semi-urban areas who have limited access to conventional financial services providers by providing collateral free, microcredit facilities. Other loan products offer by SCNL for individual businesses are loans to MSMEs, product loans for financing purchase of solar lamps and loans for development of water connection and sanitation facilities &recently started offering IML to our clients in the JLG Model who have a credit record with us.

SCNL’s client base is spread across 16 states and union territories in India with a focus on rural and semi-urban areas & amongst whom their number of the regions have rare existence of Microfinance institutions.

SCNL completed their IPO in fiscal 1997 and SCNL listed their Equity Shares on the CSE, NSE and BSE on May 19, 2015, August 26, 2015 and October 20, 2015, respectively.

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