MoneyWorks4Me

Satin Creditcare Network raises $30 Million NCD from FMO

14 Dec 2018 Evaluate

Satin Creditcare Network has raised $30 Million Non-convertible debentures (NCD) from the Netherlands Development Finance Company (FMO) to accelerate its microfinance lending portfolio.

The investment will support Satin Creditcare in its planned expansion and portfolio growth, and its efforts in increasing financial inclusion, through its operations in more than 20 states. Satin creditcare has recently forayed in digital lending ‘Loan Dost’ for its urban borrowers to enhance the business portfolio.

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.

Peers
Company Name CMP
Power Finance Corpn. 328.00
REC 300.00
NHIT 168.00
Satin Creditcare Net 223.65
IFCI 67.34
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