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Satin Creditcare Network gets senior loan facility of $5 million from OeEB

05 May 2021 Evaluate

Satin Creditcare Network has received a senior loan facility of $5 million from Oesterreichische Entwicklungsbank - OeEB, Austria through External Commercial Borrowing channel. Earlier in November 2019, the company also signed a $15 million bilateral credit facility agreement with OeEB to finance income-generating and income-increasing activities of female small-scale and subsistence entrepreneurs in India.

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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