Satin Creditcare Secures USD 100 Million Social Loan

Satin Creditcare Network Ltd. has raised a USD 100 million social loan via an External Commercial Borrowing (ECB) facility, arranged solely by Standard Chartered Bank. This loan includes participation from six Sri Lankan banks and features a greenshoe option of USD 25 million. It aims to enhance financial inclusion and support underserved communities in India, aligning with Satin Creditcare's mission to foster economic growth through microfinance. This milestone reflects the trust of global financial institutions in Satin Creditcare's governance and financial resilience, as reported by NSE and the company's official site.

 

Source: NSE, BSE, Satin Creditcare Network Ltd., Reuters