Satin Creditcare Network Raises $100 Million Social Loan via ECB

Satin Creditcare Community Restricted (SCNL), a number one microfinance establishment, has efficiently raised its first syndicated social time period mortgage of $100 million by way of Exterior Business Borrowing (ECB) underneath the automated route of the Reserve Financial institution of India (RBI). 

This social funding is meant to broaden entry to monetary providers, promote financial participation, and drive improvement in India’s underbanked areas. Moreover, it’s going to improve the corporate’s Asset and Legal responsibility Administration (ALM) place whereas lowering its price of funds

This facility was organized solely by Commonplace Chartered Financial institution who additionally participated in funding from the SCB Reward Metropolis department. Different collaborating banks included six outstanding Sri Lankan banks specifically, Hatton Nationwide Financial institution, Nationwide Improvement Financial institution, Seylan Financial institution, Pan Asia Banking Company, Business Financial institution of Ceylonand DFCC Financial institution. 

Talking on the fundraise, HP Singh, Chairman cum Managing Director of SCNL mentioned, “This social mortgage marks a big landmark as Satin Creditcare’s first syndicated transaction, reflecting the belief and confidence that international monetary establishments have positioned in us. Securing USD 100 million from new lenders, notably outstanding Sri Lankan banks, amid difficult instances highlights our sturdy governance, sustainable development, and monetary resilience. 

Moreover, this development permits us to not solely diversify our supply of funds but in addition set up a powerful, sustained presence within the worldwide market. This funding will empower us to deepen our outreach, notably to rural ladies and underserved communities, driving monetary inclusion and fostering financial progress throughout India’s most marginalized areas. As we proceed to align with globally acknowledged social financing rules, this achievement reinforces our dedication to creating long-term social impression.”

SCNL had efficiently secured whole commitments of $100 million, which included a greenshoe choices of $25 million. The settlement was signed in February 2025, and the primary tranche was disbursed on March 12, 2025.

Commonplace Chartered Financial institution acted because the Social Mortgage Coordinator for the transaction, serving to SCNL put in place a Social Financing framework which carries a Second Get together Opinion from Moody’s Rankings. The mortgage has been tied up for a 3 years and three months tenor and benchmarked to a 3-month Time period SOFR (Secured In a single day Financing Price).