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Satin Creditcare Network raises USD 30 mn NCD from FMO

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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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, December 14 2018. 15:14 IST
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