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Satin Creditcare to expand its operations in 3 new states

| | Jan 21, 2016, at 10:22 pm
Kolkata, Jan 21 (IBNS): Satin Creditcare Network Limited (SCNL), one of the leading microfinance institutions in India has announced the completion of 25 years of sterling services for the empowerment of rural and urban poor in the microfinance sector.

To mark this occasion, the company announced its expansion in 3 new states Himachal , West Bengal and Gujarat, thereby spreading its wings across 18 states in total.

Commenting on the company’s silver jubilee  H P Singh, Chairman, Satin Creditcare Network Limited said; “we are happy to announce that we have planned to expand our presence across India in the forthcoming years. Satin will focus on improving its efficiency and productivity by means of digitization. We are aiming to reach out to 50 lakh rural and urban households by 2020. We wish to contribute towards environment by providing clean energy loans. Satin Will provide 2,500 loans for renewable energy and 250 loans for water and sanitation facility exclusively on 16th October 2015.”

“We are highly elated on the journey so far and this year is indeed a momentous year for SCNL as just a month back the company has been listed on NSE. It is indeed a testimony of the work done by the company in transforming the lives of many people”, added Vivek Tiwari, COO, Satin Creditcare Network Limited.

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