Satin Creditcare Network Limited (SCNL)
Established in 1990, Satin is a non-deposit accepting Microfinance Institution (MFI) providing collateral-free, microcredit facilities to economically active women in both rural and semi-urban areas. The company also offers loans to individual businesses and Micro, Small & Medium Enterprises (MSMEs). It is a non-banking finance company (NBFC) licensed by the Reserve Bank of India with presence in 22 states. Satin has strong operational track record and has been profitable for the last ten years. As of November 2019, Satin’s loans portfolio stood at ~USD 1 billion; it has 1,299 branches covering more than 83,274 villages in India.