MAKING A DIFFERENCE FOR THE BETTER
Led by a longstanding management team with extensive experience in the microfinance industry, SCNL’s strategy is to increase financial inclusion in the states where it operates and beyond, while delivering sustainable growth and returns for its shareholders.
Our key strategic pillars
Growing Loan Portfolio:
We aim to continue to sustainably grow our loan portfolio by winning new clients in the communities where our branches are currently located. Growing our branch networks into new regions and gradually increasing the loan sizes to our most successful clients, which, in turn, generally leads to larger loans also being disbursed to our other more new clients. We also continually recruit, train and promote loan officers and other field staff, which contributes to the quality of the loan portfolio and higher client satisfaction and higher client retention rates.
Reaching out New Geographies
We aim to leverage the scalability of the SCNL Model to gradually expand our geographical footprint and continue to evaluate opportunities to expand into new regions. Our focus is on regions that we believe have high potential for microfinance – including a large population of low-income female micro entrepreneurs who do not have access to credit from traditional banks to start or grow their businesses.
Enhancing our Digital platform
We believe that the proactive adoption and development of digital and other technology offerings are critical to our ability to compete, provide a better client proposition, continue to reduce our operating costs and increase efficiencies, as well as reduce the risk of errors or misappropriation. As a result, we are continually investing in our in-house technology and various digital finance initiatives.
Effectively translating the company’s socio-economic mission into real practice, SCNL’s new initiatives are seek to serve clients more effectively by focusing on the assessment of credit worthiness, meeting compliance and improving overall operational performance to report to external stakeholders.
THE CREDIT & COMPLIANCE VERTICAL (CCV)
SCNL has introduced a new vertical to monitor and control operational processes and policies along with meeting the compliance of Government and regulatory bodies- The Credit & Compliance vertical (CCV)
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Customer
Services -
Grivance Redressal Mechanism
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Risk Mitigation & Compliance Adherence
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Financial
Management -
Credit Underwriting
It has always been SCNL’s endeavor to provide quality services to its customers and CCV is the next step towards ensuring customer satisfaction and strengthening their relationship with SCNL. CCV holds the critical responsibility of credit underwriting and financial management. This vertical also aims to enhance operational efficiency, mitigate risk, fulfill compliance and regulatory norms.
DIVERSIFICATION INTO MATERIAL PRODUCTS
Constantly striving to meet the needs of its members, SCNL’s expansion into material products is testimony to its efforts in this endeavour. The company is working towards obtaining home utilities and medical/hospital benefits for their customers in the near future. For the present, in order to better the quality of life and increase efficiency in terms of income generation, SCNL is offering the below products under diversification:
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Solar Light Products
Loan -
Two Wheeler
Loan -
Water & Sanitation Loan
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Bicycle
Loan