To accelerate its microfinance lending portfolio
Satin Creditcare Network raised US$ 30 mn Non-convertible debentures (NCD) from the Netherlands Development Finance Company (FMO) to accelerate its microfinance lending portfolio.The investment will support Satin Creditcare in its planned expansion and portfolio growth, and its efforts in increasing financial inclusion, through its operations in more than 20 states. Satin creditcare has recently forayed in digital lending Loan Dost for its urban borrowers to enhance the business portfolio.
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