About Satin Creditcare Network Limited (SCNL)

Satin Creditcare Network Limited (SCNL) was formed in 1990 as a Non-Banking Finance Company (NBFC) with the simple concept of providing individual loans to urban shopkeepers for tiny businesses. Since then the company has expanded and evolved into one of the leading

microfinance institutions in India

with its current geography in North as well as Central India. SCNL provides loans to both urban poor and rural poor to meet their productive requirements in starting new business or for growing an existing business. The

company

’s microfinance operation is based on both Joint Liability Group(JLG) model as well  Self Help Group model (SHG). At present, SCNL has its strong presence and serves its clients throughout Bihar, Chandigarh, Delhi, Haryana, Jammu , Maharashtra, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh and Uttrakhand . In addition to the above SCNL is also listed on Delhi, Jaipur and Ludhiana stock exchanges.

LATEST NEWS

World Business Capital and OPIC sanctions and disburses External Commercial Borrowing (ECB) of US $ 10 million to SCNL in the month of December, 2014
CARE has reaffirmed the Long Term Facilities Rating of SCNL of CARE BBB+ (Triple B Plus) aggregating Rs.1,300 cr (enhanced from Rs.1,000 cr) in the month of December, 2014
Danish Govt owned IFU invests Rs 21 crore in SCNL in the form of long term tier II non-convertible debentures (NCDs). (Know More)

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