Satin Creditcare Network Ltd. Review
Satin Creditcare Network Ltd. is a free Android application developed by Satin Creditcare Network Ltd. It falls under the category of Business & Productivity with a subcategory of Finance. This application provides a diversified suite of products to serve underprivileged segments of society. It offers easy UPI payments, loan details, loan card, and weekly collections.
SCNL was founded in 1990 by first-generation entrepreneur HP Singh and registered with RBI as an NBFC-MFI inIt aims to meet the demands of India's aspirational individuals with limited financing opportunities with a diversified rural microfinance vertical inspired by the Grameen Model. SCNL provides income generation loans which are used for a variety of economic activities and eventually help increase the income-generating capacity of the borrowers by enabling them to generate cash flows, build assets, and become self-reliant.
SCNL follows the Joint Liability Group (JLG) model and individual-based lending of microfinance for its operations. Collateral-free, affordable micro-credit financial services are provided to the economically active in both rural and semi-urban areas, who otherwise have limited access to mainstream financial services.
Overall, Satin Creditcare Network Ltd. is a reliable and user-friendly application for those who need financial assistance and support.
