Satin Creditcare Network Ltd

Financial support for women’s groups in rural India

India

Satin Creditcare Network Ltd (SCNL) is a Delhi-based company, founded in 1990, offering financial services in urban and rural areas in 10 states in northern and central India via a network of more than 160 branches. SCNL focuses on women's group loans in rural areas. In urban areas it offers individual loans.

One of the reasons Oikocredit supports SNCL is its strong client protection policy which ensures clients do not borrow more than they can afford. SNCL carefully assesses people's ability to repay loans and uses two credit bureaus to prevent multiple lending. Group loans come with a compulsory training package and groups are closely monitored to keep track of how the loans are put to use. In addition, SCNL has a transparent pricing policy which is available online and in print.

SNCL also runs financial inclusion programmes for self-help groups, conducts charity work such as flood-victim assistance, food distribution, and free health checks in slums and deprived areas.

SCNL has been an Oikocredit partner since 2006.