Satin Creditcare

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. 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. Satin today is Indias second largest MFI (as of Sep 2017). SCNL offers its clients a variety of loan products under the MFI segment. The company also offers a bouquet of financial products in the Non-MFI segment (comprising of loans to MSMEs), and business correspondent services & similar services to other financial Institutions through SATIN JLG, a business correspondent company and a 91.11 % subsidiary of SCNL. SCNL has around 700+ branches covering 18 states and union territories with 2.6 million clients.