Satin Creditcare Network (SCNL) has successfully raised 15 million Euros in External Commercial Borrowing (ECB). The funding was secured from OeEB - Oesterreichische Entwicklungsbank AG - the Development Bank of Austria.
The ECB has a tenure of five years, during which the funds raised will be strategically utilized to expand SCNL’s business operations and enhance micro-credit access for its customers. These efforts will be facilitated through the company's Income Generating Loan (IGL) and WASH Loan programs, both tailored to support and empower rural women entrepreneurs. Furthermore, this initiative aims to foster economic growth and elevate living standards in underserved communities. This marks the company's third transaction with OeEB, following the successful collaboration in 2019 and 2021, which raised a total of $20 million.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 463.55 |
| REC | 359.10 |
| Indian Railway Fin. | 106.75 |
| NHIT | 160.00 |
| Satin Creditcare | 194.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: