Overview & Feature Analysis
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.
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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.