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Microfinance institution Satin Creditcare raises $100M social loan

YourStory

YourStory · 5m ago

Microfinance institution Satin Creditcare raises $100M social loan

Satin Creditcare Network Limited (SCNL) secured a $100 million syndicated social term loan via Standard Chartered Bank, with participation from six Sri Lankan banks. The funding aims to enhance financial services access in India’s underbanked regions, especially for rural women and marginalized communities. The loan includes a $25-million greenshoe option, reflecting SCNL's strong governance and financial resilience. SCNL, with a presence in 29 states, also offers MSME loans and affordable housing solutions.

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Florintree-backed Satin Creditcare raising $40 mn from offshore investor

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VCCircle · 1y ago

Florintree-backed Satin Creditcare raising $40 mn from offshore investor

Indian microfinance lender Satin Creditcare is raising $40 million in funding from a global development bank to expand its lending portfolio in sectors such as water sanitation, induction cookers, and solar panels. The capital infusion will help the company grow its operations and support its mission of financial inclusion in underserved areas.

Maintaining portfolio quality a priority; growing cautiously: Satin Creditcare MD

VCCircle

VCCircle · 5m ago

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Satin Creditcare Network, a microfinance lender, anticipates an 8-10% growth in assets under management for the fiscal year ending March 31. This is a significant reduction from the 30% year-on-year growth in FY24. The company is focusing on maintaining its portfolio quality due to challenges in the microfinance sector. This cautious approach aims to ensure sustainable growth and stability in the face of ongoing industry challenges.

Startup news and updates: Daily roundup (March 14, 2025)

YourStory

YourStory · 5m ago

Startup news and updates: Daily roundup (March 14, 2025)

YourStory's daily roundup highlights include Satin Creditcare Network raising a $100M social loan to expand financial services for underbanked Indians, and Arise Ventures aiding Indian tech startups entering the US market. GoDigit's reinsurance arm, Valueattics, received regulatory approval, marking India's first private reinsurer. Rangsons Aerospace secured Rs 300 crore for expansion, and IRCAI with AWS launched the 2025 Compute for Climate Fellowship to foster climate tech startups. The roundup reflects diverse developments in finance, technology, and environmental initiatives.

Satya MicroCapital taps returning investor to raise fresh capital

VCCircle

VCCircle · 1y ago

Satya MicroCapital taps returning investor to raise fresh capital

Delhi-based microfinance institution, Satya MicroCapital, is raising new capital from an international investor to expand its loan portfolio. The company, registered as a non-banking financial company-microfinance institution, is backed by Japanese impact investor Gojo & Company Inc. This move aims to support Satya MicroCapital's growth and further extend its reach in the microfinance sector in India.

Microfinance sector sees equity, borrowing and loan book shrink in FY25

Economic Times

Economic Times · 2m ago

Microfinance sector sees equity, borrowing and loan book shrink in FY25

The microfinance sector in FY25 witnessed significant declines, with equity capital of microfinance institutions dropping by 1.8% and borrowing plummeting by 36%. Consequently, the total gross microfinance loan portfolio contracted by 13.9% year-on-year, highlighting the stress and cautious lending within the non-banking finance company-microfinance institution (NBFC-MFI) segment. The report, by the Microfinance Institutions Network (MFIN), also noted a rise in portfolio at risk from 2.2% to 6.3%, indicating growing financial distress.

Bottomline: MFI sector woes hit Satya MicroCapital’s loan book, profitability

VCCircle

VCCircle · 3m ago

Bottomline: MFI sector woes hit Satya MicroCapital’s loan book, profitability

Satya MicroCapital, a Delhi-based microfinance institution, experienced a contraction in its loan book in FY25 due to widespread asset quality challenges in the microfinance sector. Supported by Japanese impact investor Gojo & Company Inc, the company's profitability was affected despite previously reporting a net profit of Rs 123 crore for the financial year ending March 2024. The challenges reflect broader issues impacting the sector, influencing the financial health and operations of microfinance institutions.

Arohan Financial Services eyes 20 pc growth in outstanding loan portfolio

Economic Times

Economic Times · 1d ago

Arohan Financial Services eyes 20 pc growth in outstanding loan portfolio

Arohan Financial Services, a microfinance institution, aims to grow its outstanding loan portfolio by 20% this fiscal year, following a successful 2024-25 with Rs 6,100 crore in outstanding loans and Rs 110 crore net profit. Despite challenges, the microfinance sector shows promising signs, with Arohan maintaining a net NPA of 0.53%. To double outreach, the sector needs $4 billion in equity investments. Arohan emphasizes digital transactions and robust recovery mechanisms.

Sindhuja Microcredit raises Series C from two European institutions

VCCircle

VCCircle · 1y ago

Sindhuja Microcredit raises Series C from two European institutions

Indian microfinance institution Sindhuja Microcredit has raised $14.5m in a series C funding round from Spanish impact investment firm GAWA Capital and Dutch social impact investor Oikocredit. The funds will be used to expand the company's business in existing and new geographies. Sindhuja Microcredit provides micro-loans to rural and semi-urban entrepreneurs and also offers business loans to traders, shopkeepers and farmers. The company currently has 235 branches and has secured almost INR2.42bn ($32.4m) from institutional investors since its launch in 2018.

Ananya Birla's Svatantra Microfin receives $230M investment from Advent, Multiples

IndianStartupNews

IndianStartupNews · 1y ago

Ananya Birla's Svatantra Microfin receives $230M investment from Advent, Multiples

India-based microfinance company Svatantra Microfin has secured a $230m investment from private equity firms Advent International and Multiples Private Equity. The funding marks the largest private equity investment in India's microfinance sector to date. Ananya Birla, Chairperson of Svatantra, said the deal would help the company "become the foremost and most impactful microfinance institution." The investment is subject to regulatory approval from the Reserve Bank of India and Competition Commission of India.

Creation Investments strikes frugal returns from India MFI bet

VCCircle

VCCircle · 1y ago

Creation Investments strikes frugal returns from India MFI bet

Global impact investor, Creation Investments, has exited its investment in a microfinance institution in India after twelve years, generating modest returns. The Chicago-based investor, known for its focus on financial services, manages assets worth around $2.2 billion globally.

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