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

CARE has reaffirmed the Long Term Facilities Rating of SCNL of CARE BBB+ (Triple B Plus) in the month of September, 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)
CARE has upgraded the Long Term Facilities Rating of SCNL from CARE BBB (Triple B) to CARE BBB+ (Triple B plus) in the month of July, 2014
CARE has upgraded the rating of Non Convertible Debentures of SCNL from CARE BBB (Triple B) to CARE BBB+ (Triple B Plus) in the month of July, 2014
CARE revised SCNL's rating for Redeemable Preference Shares (RPS) from CARE BBB- (RPS) [Triple B Minus (Redeemable Preference Share)] to CARE BBB(RPS) [Triple B (Redeemable Preference Share)]
Ø According to a latest MFIN Report on "Responsible Business Index (RBIndex, 2014)", SCNL has scored 94% against the industry average of 87%.
SCNL crosses Rs.1,000 crore for the FY 2013-2014
NMI Fund III KS invests Rs. 28.44 crore in SCNL
CARE rated BBB- (Triple B minus) Cumulative Non-Convertible Compulsory Redemable Prefrence Shares (CNCRPS) issue aggregated to Rs. 7.50 Crore to SCNL
CARE has reaffirmed the rating of CARE BBB (Triple B) assigned to SCNL for long-term bank facilities enhanced from RS.600 crore to Rs.800 crore in the month of February, 2014
SCNL is now REGISTERED NBFC MFI w.e.f 6th November 2013.
SCNL Has been endowed with MF Transparency seal of Pricing Transparency by mftransparency.org
SCNL celebrates 5,00,000 Members!
CARE has upgraded the grading from MFI 2 to MFI 2+ in the month of July 2013.
CARE has upgraded Basel II Rating CARE BBB- (Triple B minus) to CARE BBB (Triple B) in the month of June 2013
SCNL Has been awarded with Silver MFI Award by MIX Market Silver MFI Award Silver MFI Award
SCNL profile is now on MIX
IFMR Securitization Press Release
SCNL organized Blood Donation Camp- "Rakt Daan- Jeevwan Daan" Blood Donation Camp 24th December 2010
Blood Donation Camp Photo Gallery
A Campaign organized by Satin on Global Hand Wash Day Hand Wash Day
SCNL organized lends helping hands to the Flood affected in UP Helping hand to Flood affected
SCNL Has been nominated as a nominated as finalist for Emerging MFI Award at the 2009 Srijan Microfinance forum MFI Award at the 2009 Srijan Microfinance forum
Keya Sarkar: Two credit firms show the way
Small is big for Smart Satin’ - Civil Society Civil Society : April 2007 edition

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