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Satin Creditcare Network Ltd. Company History and Annual Growth Details

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 leadingÂ

microfinance institutions in India

Â 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. TheÂ

company

Âs microfinance operation is based on both Joint Liability Group(JLG) model as well Â 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 .Â

Â 2015

- SCNL receives Iconic Name in Microfinance Award.Â

Â 2016

-SCNL was awarded ÂThe Best MFI of India AwardÂ, by Worldwide Achievers.
-Satin Creditcare was awarded with Smart Certification for its commitment to client protection in Smart Campaign Client Protection Certificate.
- SCNL scored ÂPlatinumÂ rating and an overall rating of 4 stars in the ÂImpact Business Model RatingÂ, conducted by GIIRS.
-SCNL receives "Iconic Name in Microfinance Award", at the Make in India Conclave Indian Realty Award & International Business Awards.
-SCNL Kick- started its operations in 25 new branches.Â

Â 2018

-Satin Creditcare Network Ltd. has Launched Mobile application named as 'Loan Dost" for loan products under Fintech platform of the Company.Â

Â 2020

-Company issued rights shares of Rs. 10 in the ratio of 48:125 at a premium of Rs. 50 per share.

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